__________ is the process by which ideas are transformed into new products and services that will help firms grow.
A) Beta testing
B) Concept testing
C) Innovation
D) Reverse engineering
E) Competition

Question

Quizplus · Accepted Answer

Innovation is the process of transforming ideas into new products or services that can lead to growth for firms. Beta testing refers to testing a product in the market before its official launch, concept testing involves testing a concept or idea with target consumers, reverse engineering involves breaking down a product to understand how it was made, and competition refers to the rivalry between firms in a particular market.

__________ Is the Process by Which Ideas Are Transformed into New