innovation, research and development Flashcards

1
Q

what is innovation?

A

ingenuity and enterprise to come up with new and accessible ideas that customers want.

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2
Q

what is research and development?

A

it is the process of manufacturing the idea and making it into reality.

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3
Q

what are the stages involved with research and development?

A
prioritise
prototype
manufacture 
making the product
generating sales
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