The Power of Innovation

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Questions and Answers

Which of the following is NOT a characteristic of innovation?

  • Spread of ideas or technologies
  • Newness
  • Competition (correct)
  • Improvement

What is the purpose of innovation?

  • To create competition
  • To decrease market demand
  • To introduce new ideas (correct)
  • To maintain the status quo

In which areas can innovation be applied?

  • Social and cultural
  • Historical and geographical
  • Commercial and organizational (correct)
  • Political and economic

What are the different types of innovation?

<p>Incremental, disruptive, and radical (D)</p> Signup and view all the answers

What does innovation involve?

<p>Modifying existing elements (D)</p> Signup and view all the answers

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