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Which one of the following best defines the term innovation? Select one answer - Edexcel - GCSE Business - Question 13 - 2017 - Paper 1
Question 13
Which one of the following best defines the term innovation? Select one answer. A) Identifying a gap in the market for developing a new product B) Spending money ... show full transcript
Worked Solution & Example Answer:Which one of the following best defines the term innovation? Select one answer - Edexcel - GCSE Business - Question 13 - 2017 - Paper 1
Step 1
Select one answer.
Answer
Based on the context of innovation, the best definition among the options provided is:
C) Transforming new ideas into products that can be marketed.
This option accurately captures the essence of innovation, which involves not just the generation of new ideas but also their implementation in a way that leads to the creation of marketable products.