The Four-Step Innovation Process Ends with

question 9

Multiple Choice

The four-step innovation process ends with

• A) idea generation.
• B) invention.
• C) idea testing.
• D) imitation.

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Definitions:

Satisfied Customers

Individuals who have had their expectations met or exceeded by a product or service, leading to a positive perception of the business.

Strategic Planning

The process of defining a business’s strategy or direction, and making decisions on allocating its resources to pursue this strategy, often based on its mission, vision, and goals.

Environmental Analysis

The process of evaluating the external factors that can affect an organization's success, such as political, economic, social, and technological factors.

Pollution

The introduction of contaminants into the natural environment, causing adverse change and harm to ecosystems.