A(n) ________ is any good, service, or idea that is perceived as new, no matter how long its history.
A) commodity
B) innovation
C) adoption
D) invention
E) novel product

Question

Quizplus · Accepted Answer

An innovation is defined as any new idea, product, or service that is perceived as new. This can include things that have been around for a long time but are perceived as new in a particular context or market. A commodity is a basic good or raw material, adoption refers to the process of selecting and using an innovation, an invention is a new idea or device, and a novel product is a new product. None of these completely capture the definition of something perceived as new, which is why B is the best answer.

A(n) ________ Is Any Good, Service, or Idea That Is