Invention And Innovation Flashcards
1
Q
What is invention?
A
The discovery and creation of a new product and the ways of making these products
2
Q
What is innovation?
A
The process in which products are transformed into sellable products that are able to be brought by customers
3
Q
What is a patent?
A
Right of ownership of an invention when it is registered with the government
4
Q
What is copyright?
A
Legal ownership of material such as audio, videos, films and books
5
Q
What is a trademark?
A
The symbol sign or other features of a product that can be protected by law
6
Q
Why are new products/services invented?
A
To fulfil a specific want or need
Advantages in technology
Gaps in the market
7
Q
How do ideas come about?
A
People who use the product - consumers
Research departments
