The Act of Putting a New Product on the Market

question 148

Multiple Choice

The act of putting a new product on the market in order to make profits is called

• A)invention.
• B)innovation.
• C)investment.
• D)development.

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Definitions:

Unfavorable Situations

Circumstances or conditions that are disadvantageous, challenging, or pose obstacles to achieving goals.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization to fulfill its objectives.

Organizational Innovation

The process of implementing new ideas, creating dynamic products, or improving existing services within an organization.

Cross-Fertilization

A process of mutual influence or exchange of ideas between diverse fields or cultures to spur innovation and creativity.