What is an innovation? What will be an ideal response?
QUESTION
What is an innovation?
What will be an ideal response?
ANSWER
Answer: An innovation is a product that customers perceive as being newer or better than existing products.
Explanation: Examples of past innovative products range from the vacuum cleaner (1907) to Velcro (1954) to the Searle birth control pill (1960) to the Toyota Prius hybrid (2003).
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