Jasper & Co. is known for it's reknowned research and ground-breaking new products. What is this an example of? A. Competitive market B. Innovation C. Monopoly D. Regulation

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Jasper & Co. is known for it's reknowned research and ground-breaking new products. What is this an example of? A. Competitive market B. Innovation C. Monopoly D. Regulation

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B. innovation
Kellie is right, innovation, but allow me to elaborate; Innovation is when you're creating something new, something your competition doesn't already have, if a company is focusing mostly on research and developing whole new products, then they're based on innovation as opposed to say price competition, which is where they just re-create old inventions with a few tweaks and lower the price below their competitors.
And oh Lord do not take my above response as a lesson in grammar, I just woke up. Talk about a run-on sentence...

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lol....sleepy head

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