Innovation creates the opportunity to:

Question

Quizplus · Accepted Answer

Innovation can result in the creation of new products or processes that are more efficient or unique than existing ones, giving the innovator a competitive advantage and the ability to earn positive economic profits. However, innovation does not necessarily lead to a quick exit from industries, nor does it necessarily result in losing money on R&D. And while sustained zero economic profits may be possible in some cases, the goal of innovation is generally to achieve positive economic profits.

Innovation Creates the Opportunity To