State the reasons for innovation

      

State the reasons for innovation.

  

Answers


Lydia
Reasons for Innovation

?As a means of cost reduction and imposing significance social and market grip.

?To encounter competition by already established businesses.

?To facilitate opening up of new markets both locally and internationally.

?To facilitate diversification of products risks and losses.

?To protect current position of monopoly or success.
lydiajane74 answered the question on May 4, 2018 at 19:52


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