Which of the Following Statements Is True for Innovation

question 40

Multiple Choice

Which of the following statements is true for innovation?

• A)It refers to converting a new idea into revenues and profits.
• B)It refers to the use of technology to understand the latent needs and preferences of the customers in the market.
• C)It refers to pursuing scientific investigations without commercial goals, focusing on unravelling the secrets of nature and finding new knowledge.
• D)It refers to the process of promoting the use of scientific knowledge in forecasting the demands of different products in the market.
• E)It refers to bringing an idea into tangible reality by embodying it as a product or system.

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Definitions:

Omni Channel

A multichannel approach to sales and marketing that provides a seamless customer experience, whether the customer is shopping online from a mobile device, a laptop, or in a brick-and-mortar store.

Seamless Integration

The smooth and uninterrupted incorporation of systems, applications, or processes so they operate as a unified whole.

User

An individual who utilizes or operates a product, service, or system, especially in digital or computer-based environments.

Trolls/Haters

Individuals who post inflammatory, derogatory, or provocative messages in online forums, often with the intention of upsetting others.