Product innovation refers to efforts to create designs and applications of technology to develop new products, while innovation refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Process innovation

Explanation:

Product innovation refers to efforts to create designs and applications of technology to develop new products, while process innovation refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Process inovation: It is a type of innovation that involve in improvement of process in producing goods and services. It also implement new technique and procedure to improve production or delivery method. It is also effective in reducing cost of production.

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