Process innovation is generally viewed as reducing firms’ production costs. In a competitive setting, each firm would be motivated to invest in innovative activities that would reduce its production costs, so as to earn higher profit margins than its rival

Process innovation is generally viewed as reducing firms’ production costs. In a competitive setting, each firm would be motivated to invest in innovative activities that would reduce its production costs, so as to earn higher profit margins than its rival. Discuss

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Process innovation is generally viewed as reducing firms’ production costs. In a competitive setting, each firm would be motivated to invest in innovative activities that would reduce its production costs, so as to earn higher profit margins than its rival

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