Given below are two statements:

Statement I: Incremental innovation is concerned with the gradual improvement of existing products, services, processes, competitive positions, and organisational paradigms.
Statement II: Radical innovation involves a much higher risk than incremental innovation.

In light of the above statements, choose the most appropriate answer from the options given below:

A

Both Statement I and Statement II are correct

B

Both Statement I and Statement II are incorrect

C

Statement I is true but Statement II is incorrect

D

Statement I is false but Statement II is correct