lesson 1 Flashcards

1
Q

What is the primary difference between innovation and invention?

A

Innovation involves improving or making changes to existing products or processes, while invention is the creation of something entirely new.

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2
Q

True or False: Invention always leads to innovation.

A

False

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3
Q

Fill in the blank: __________ is the process of translating an idea or invention into a good or service that creates value.

A

Innovation

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4
Q

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

A

C) A new app that improves user interface

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5
Q

Short Answer: Name one famous inventor and one famous innovator.

A

Inventor: Thomas Edison; Innovator: Steve Jobs

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6
Q

What is a key characteristic of an invention?

A

It is a novel idea or product that did not previously exist.

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7
Q

True or False: All innovations are based on existing inventions.

A

True

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8
Q

Multiple Choice: Which term refers to the act of improving upon an existing product? A) Invention B) Innovation C) Creation

A

B) Innovation

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9
Q

Fill in the blank: The introduction of the assembly line is an example of __________.

A

Innovation

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10
Q

Short Answer: What role does market demand play in innovation?

A

Market demand drives innovation by creating a need for improved or new products and services.

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