A commercial bank offered its clients a new type of loans that is based on the Islamic rules and principles

Economics Nov 11, 2020

A commercial bank offered its clients a new type of loans that is based on the Islamic rules and principles. This is an example of innovation? Select one: O A Process OB device O C. product OD. strategy
...... is defined as both a new idea, device, or method, as well as the process of introducing new ideas, devices, of methods Select one: O A. Strategy B. Innovation O C. Planning O D. Marketing

Expert Solution

D) Strategy Innovation

Strategy innovation is an organization's process of reinventing or redesigning its corporate strategy to get growth, generate value for the company and its customers, and create competitive advantage(MOAT). This type of innovation is essential for organizations to adapt to the speed of change.

2) B) Innovation

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