Economics of innovation: An invention is considered an innovation when
o it is an incremental improvement
o it is a radical change in the nature of product, services and processes
o a new idea is successfully applied by organisations
o all of the above

Question

An invention is considered an innovation when
o it is an incremental improvement
o it is a radical change in the nature of product, services and processes
o a new idea is successfully applied by organisations
o all of the above

Nasta Charniak · Accepted Answer

o a new idea is successfully applied by organisations

Economics of innovation

An invention is considered an innovation when o it is an incremental improvement o it is a radical change in the nature of product, services and processes o a new idea is successfully applied by organisations o all of the above

O a new idea is successfully applied by organisations

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