Asked by Nicholas Abusaid on Feb 18, 2024
Verified
In what area does the difference between innovation and invention lie?
A) demand
B) cost
C) originality
D) value
A) demand
B) cost
C) originality
D) value
Demand
Prospective customers’ desire for the goods and services available.
- Understanding the distinction between innovation and invention
- Identifying the key factors that differentiate innovation and invention
- Analyzing the role of demand in differentiating innovation and invention
Verified Answer
NO
Nathan Olinger
Feb 18, 2024
Final Answer :
A
Explanation :
Innovation involves the application of new ideas or methods to meet a demand or solve a problem, whereas invention is the creation of something completely new, regardless of demand.
Learning Objectives
- Understanding the distinction between innovation and invention
- Identifying the key factors that differentiate innovation and invention
- Analyzing the role of demand in differentiating innovation and invention
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