Innovation

question 65

Multiple Choice

Innovation

• A)is the first discovery of a product or process, rather than its first successful commercial introduction.
• B)includes new products but not new production methods.
• C)is also known as diffusion.
• D)can either increase or decrease the market share of a large firm, depending on whether it is introduced by the large firm or one of its competitors.

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Definitions:

Method Of Loci

A mnemonic technique that associates information with specific physical locations, enhancing memory recall.

Visual Images

Refers to pictures or scenes that are created in the mind or seen by the eyes, encapsulating both physical and mental visual experiences.

Familiar Place

A location known to an individual through previous experience or frequent visitation, evoking recognition and often comfort.

Forgetting Curves

A graphical representation of how information is lost over time when there is no attempt to retain it.