Which of the following statements is not true about innovation?
Options:
| A. Innovation as a competitive weapon can simultaneously create and destroy value. B. Successful innovation allows a firm to extract temporary monopoly profits. C. Innovation has to be high-tech in order to be a potent competitive weapon. D. Process innovations are made possible through advances such as the Internet. |
The Correct Answer Is:
C. Innovation has to be high-tech in order to be a potent competitive weapon.