The Process by Which Ideas Are Transformed into New Products

question 100

Multiple Choice

The process by which ideas are transformed into new products and services that help firms grow is known as:

• A)prototyping.
• B)innovation.
• C)diffusion.
• D)adoption.
• E)brainstorming.

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Definitions:

Performance Appraisal

A systematic evaluation of employees' performance in their job roles, typically used for informing decisions on promotions, pay raises, and training needs.

Project-Based Organizations

Entities that operate through the completion of discrete projects instead of fixed, routine operations.

Technology-Driven World

A society significantly influenced by rapid technological advancements and digital innovations.

PERT Activity

A task or event within the Program Evaluation and Review Technique, a project management tool used to schedule, organize, and coordinate tasks within a project.