Question

Which of the following shows the process of creating something new? a) Business model b) Innovation. c) Modelling

Answer 1

Answer:

INNOVATION

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Answer 2

Answer:

Innovation is the process of creating something new.

Explanation:

• We can define a Business model as a company's plan for making a profit. It is capable of  identifying the products or services the business plans to sell. Business model  identifies target market and any anticipated expenses.
• For new and established businesses, business models are important.
• Modelling is the act or an instance of making a model. It can be a Business Model also.
• Innovation, in the context of business, refers to the process that an individual or organization  introduce brand new products, processes, and ideas  or undertakes to approach existing products, processes, and ideas in new ways.