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Which of the following is incorrect?
Innovative Firms
Companies that introduce new ideas, products, or methods, significantly impacting their industry and potentially driving economic growth through innovation.
New Product
An item recently introduced to the market that fulfills a need or niche not met by existing products.
Research and Development
The iterative process of systematic work undertaken to increase the stock of knowledge and use this knowledge to devise new applications.
Patent Protection
Legal rights granted to inventors that prevent others from making, using, or selling their invention for a certain period of time.
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