lesson 1 Flashcards
What is the primary difference between innovation and invention?
Innovation involves improving or making changes to existing products or processes, while invention is the creation of something entirely new.
True or False: Invention always leads to innovation.
False
Fill in the blank: __________ is the process of translating an idea or invention into a good or service that creates value.
Innovation
Which of the following is an example of innovation? A) A new smartphone model B) A new type of battery technology C) A new app that improves user interface
C) A new app that improves user interface
Short Answer: Name one famous inventor and one famous innovator.
Inventor: Thomas Edison; Innovator: Steve Jobs
What is a key characteristic of an invention?
It is a novel idea or product that did not previously exist.
True or False: All innovations are based on existing inventions.
True
Multiple Choice: Which term refers to the act of improving upon an existing product? A) Invention B) Innovation C) Creation
B) Innovation
Fill in the blank: The introduction of the assembly line is an example of __________.
Innovation
Short Answer: What role does market demand play in innovation?
Market demand drives innovation by creating a need for improved or new products and services.