Final answer:
Statements about (a) innovative companies continuously seeking new offerings and (b) venturing beyond the current state of the art are correct. However, the notion that investments in innovativeness always hit expected returns is false, as innovation is risky and uncertain.
Step-by-step explanation:
Among the statements about innovativeness, two are correct:
- Innovative companies continuously seek out new product or service offerings.
- Innovativeness requires companies to venture beyond the current state of the art.
- It fosters creativity and experimentation.
One statement is incorrect:
- Investments in innovativeness almost always hit the expected rate of return.
This is not always true because innovation carries inherent risks and uncertainties, and not all innovations will meet financial expectations. As highlighted by the example of Samsung, the relentless pursuit of innovation can provide a competitive edge and the potential for above-normal profits.
However, the private sector often underinvests in innovation due to issues like easy duplication of new inventions and the balance between private and social benefits as discussed in "Why the Private Sector Underinvests in Innovation".