RESEARCH ETHICS
COMMERCIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If a company develops a new product, method, strategy, or process, it is known as a(n)
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innovation
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creative output
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Innovation is the process of creating new ideas, products, or methods to solve a problem. Often, innovating involves approaching an existing idea or product from a new perspective with the goal of improving it.
Detailed explanation-2: -The invention involves the creation of something entirely new, while innovation involves the improvement or modification of something that already exists. Creativity, on the other hand, is the ability to generate new ideas or concepts.
Detailed explanation-3: -There are many risks associated with innovation such as the loss of money, the loss of time, the loss of company reputation/image, and the loss of potential.
There is 1 question to complete.