Invention And Innovation

Question 0

What is innovation?

Answer 0

Turning the invention into a product ready for the market

Question 1

What is invention?

Answer 1

Coming up with an idea and developing it with research to produce a potential product

Question 2

What are this risks of invention and innovation?

Answer 2

Expensive, time consuming, potentially fail.

Question 3

How can invention help a business?

Answer 3

Allows them to gain a competitive advantage

Question 4

Why do some businesses wait for others to act?

Answer 4

Because they can work and follow off other products from businesses

Question 5

How do business protect their products?

Answer 5

Patents, copyrights and trademarks

Question 6

What are patents?

Answer 6

Right of ownership to an invention

Question 7

What is copyright?

Answer 7

Legal ownership of a product so that is can’t be copied

Question 8

What are trade marks?

Answer 8

Preventing use of symbols or signs by other companies