Business Studies, asked by AbdullahAnsari2300, 1 year ago

Why is innovation an important objective of business?

Answers

Answered by NightFury

9

Innovation in a business allows it to grow with other competitors in the market. It allows the business to be updated with the latest changes in tastes and preferences of the consumers and hence, to serve those preferences and increase its profits. Therefore, it is an important objective of business.

Answered by dixshajain

4

Innovation in a business allows it to grow with other competitors in the market. It allows the business to be updated with the latest changes in tastes and preferences of the consumers and hence, to serve those preferences and increase its profits. Therefore, it is an important objective of business...

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