Innovation is the first discovery of a new product or production process; invention is the first successful commercial introduction of the product or process.

Name: Innovation is the first discovery of a new product or production process; invention is the first successful commercial introduction of the product or process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Innovation refers to the initial creation or discovery of a new product or process, while invention is the successful implementation and commercialization of that innovation.

Innovation Is the First Discovery of a New Product or Production