Most product innovations consist of minor changes to existing products and are incremental improvements.
Correct Answer:
Verified
Q29: The major impact of product innovation tends
Q30: When entrepreneurs use their own personal savings
Q31: All inventors are entrepreneurs.
Q32: R&D activities by government and universities have
Q33: Entrepreneurs often form new small firms called
Q35: U.S. business firms channel a majority of
Q36: Innovation pertains to commercialization, while invention pertains
Q37: Many economists view technological advance as mainly
Q38: If an R&D activity is affordable, the
Q39: R&D spending decisions by firms are complicated
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents