Innovation Is the Process of Turning an Invention into a Marketable

question 213

True/False

Innovation is the process of turning an invention into a marketable product.

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Definitions:

Equity

Ownership interest in a firm, represented by shares that entitle their holders to a share in the firm's profits and a say in its management.

Franchisor

A business entity that grants the right to operate a franchise under its brand name and system to a franchisee.

Learning Experience

The process of acquiring knowledge or skills through study, experience, or teaching, which can influence behavior or understanding.

Enjoy Risk

The tendency to find pleasure or satisfaction in taking on challenges or situations that involve uncertainty and potential loss.