Multiple Choice
The first discovery (as distinct from first commercial application) of a product or process is called
A) innovation.
B) invention.
C) creative destruction.
D) diffusion.
Correct Answer:
Verified
Correct Answer:
Verified
Q233: To maintain returns from research and development,
Q234: R&D spending decisions by firms are complicated
Q235: The expected-rate-of-return curve for R&D expenditures of
Q236: The major impact of product innovation tends
Q237: Which of the following are aptly considered
Q239: A consumer had been consuming product X
Q240: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The table shows
Q241: Technological advance improves productive efficiency by<br>A)lowering average
Q242: The discovery of a product or process
Q243: Invention and innovation are not the same;