Which of the Following Statements Is True for Innovation

Multiple Choice

Which of the following statements is true for innovation?

A) It refers to converting a new idea into revenues and profits.
B) It refers to the use of technology to understand the latent needs and preferences of the customers in the market.
C) It refers to pursuing scientific investigations without commercial goals, focusing on unravelling the secrets of nature and finding new knowledge.
D) It refers to the process of promoting the use of scientific knowledge in forecasting the demands of different products in the market.
E) It refers to bringing an idea into tangible reality by embodying it as a product or system.