__________ is turning ideas into profits.

Question

Quizplus · Accepted Answer

Innovation refers to the creation of something new, which could be a product, service, or process, that adds value to the market and generates profits. It involves taking an idea and turning it into a viable business opportunity that meets the needs of customers and creates a competitive advantage for the company. While invention also involves creating something new, it does not necessarily lead to profits as it may not solve any significant problems or meet market demand. Improvement and process development both aim to enhance existing products or processes, but they may not result in significant innovation or profits on their own.

__________ Is Turning Ideas into Profits