Answer: Social media influences business innovation by allowing new products to be introduced more quickly.
Explanation: Social media has revolutionized the way businesses communicate and interact with their customers. Through social media platforms, businesses can get real-time feedback from customers, identify emerging trends, and respond quickly to changing market demands. This allows businesses to introduce new products more quickly and efficiently, without relying on traditional modes of market research or product testing. Additionally, social media provides businesses with a platform to showcase their innovations and generate buzz around new products, reaching a wider audience than ever before.