____ refers to the time it takes to turn a new idea into a product that satisfies consumer demand.
A) Innovation lag
B) Developmental decay
C) Creativity lapse
D) Innovation drag
E) Demand slack

Question

Quizplus · Accepted Answer

Innovation lag refers to the time it takes for a new idea or technology to become widely adopted and integrated into society. It can also refer to the time it takes for an idea to be turned into a product that satisfies consumer demand. The lag time can be influenced by a variety of factors, such as regulatory hurdles, market conditions, and the level of investment and resources devoted to the innovation process.

____ Refers to the Time It Takes to Turn a New