Process innovation
What Process innovation means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Process innovation
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Process innovation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Implementing new or improved production and delivery methods, such as automated robotic assembly lines to reduce unit costs and increase productive efficiency.
Improving production methods, leading to lower average costs and higher profit margins.
Topics that use Process innovation
- Research and development (R&D) and innovation (Pearson Edexcel A-Level)
Related terms
- Competitive advantage
- Extension strategies
- Government intervention
- Market failure
- Market power
- Positive externalities
- Product innovation
- Product life cycle
Using Process innovation in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics B questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge