Innovation
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Questions and Answers

What is the importance of innovation according to the text?

  • It is only relevant for technological industries.
  • It is key to the economic development of any company, region, or country. (correct)
  • It primarily leads to the decrease in sales of older products.
  • It has no significant impact on economic development.
  • What are breakthrough innovations according to the text?

  • Common innovations that don't have a significant impact.
  • Extremely unique innovations that establish the platform for future innovations in an area. (correct)
  • Innovations that are usually unprotected and freely available for anyone to use.
  • Innovations that have no influence on further development in an area.
  • What do inventions and innovations serve as according to the text?

  • Obsolete components of economic development.
  • Building blocks of the future of any economic unit. (correct)
  • Barriers to the development of new technologies.
  • Hindrances to the growth of old industries.
  • What happens to older products/services as technologies change according to the text?

    <p>They decrease in sales.</p> Signup and view all the answers

    Why are breakthrough innovations usually protected according to the text?

    <p>They are often the basis for further innovation in an area.</p> Signup and view all the answers

    What is the importance of breakthrough innovations?

    <p>They establish the platform for future innovations in an area</p> Signup and view all the answers

    Why do older products/services decrease in sales as technologies change?

    <p>They become outdated and less competitive</p> Signup and view all the answers

    What role do inventions and innovations play in the economic development of a company?

    <p>They serve as the building blocks for the future of the economic unit</p> Signup and view all the answers

    Why are breakthrough innovations usually protected?

    <p>They are often the basis for further innovation in an area</p> Signup and view all the answers

    What is the impact of technologies changing on old industries?

    <p>Old industries dwindle</p> Signup and view all the answers

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