Question

Define the three types of innovative activity in parapgraph form

Answer 1

Corporations engross in three forms of innovative activity.

1. Invention is the deed of building and evolving a first-hand and innovative manufactured goods or progression.

2. Innovation is the practice of materializing the goods or routes that appeared by complete invention.

The accomplishment of an invention is adjudged by methodological benchmarks. The accomplishment of innovation is adjudged by profitmaking benchmarks.

3. Imitation is the approval of an innovation by related corporations. Imitation commonly points to manufactured goods or progression, normalization, proposing the manufactured goods at a lesser expense devoid of as various types.

Innovation is the utmost serious activity for the reason that materializing inventions is challenging.