Final answer:
Innovations that lower costs or improve productivity are most closely associated with high-growth businesses, which benefit from economies of scale and the pursuit of new innovations.
Step-by-step explanation:
Innovations that lower costs or improve productivity are most closely associated with high-growth businesses. These types of businesses, such as those in high-tech industries, are often in a state where economies of scale are substantial due to advancements in technology or an improvement in the workforce's education level. As a result, they experience falling average total costs, which can be a significant competitive advantage. A key principle of an innovative business, as quoted by Samsung CEO Gregory Lee, is the "relentless pursuit of new innovation" which affords these companies a temporary edge over competitors, allowing for the generation of above-normal profits before others can catch up. High-growth companies strive to be at the forefront of introducing new technologies and processes that can transform the industry they operate in.