Which Would Be an Example of Innovation Within an Existing

question 302

Multiple Choice

Which would be an example of innovation within an existing business firm?

• A)the development of Post-it note pads by the 3M Corporation
• B)the granting of a patent to a university researcher
• C)the formation of the start-up firm Amgen
• D)the merger of AOL and Time-Warner

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Definitions:

Dislocations

Economic disturbances or shifts that result in significant changes to employment, prices, or resource allocation.

Affordability

The degree to which a good or service is financially accessible to consumers, often considering income levels and prices.

Basic Research

An exploratory type of scientific inquiry that aims to increase understanding or knowledge without immediate practical application in mind.

Applied Research

It is a form of systematic inquiry involving the practical application of science. It is used for solving problems and inventing new processes and products.