The creation of a new product is referred to as:
A) process innovation.
B) independent research and development.
C) product innovation.
D) patent disclosure.

Question

Quizplus · Accepted Answer

The creation of a new product is referred to as product innovation. Process innovation refers to the improvement of existing production processes, independent research and development refers to activities undertaken by a company to create new technologies, and patent disclosure refers to the public disclosure of a new invention in order to obtain patent protection.

The Creation of a New Product Is Referred to As