ITPEC IP April 2026 Question 85
ITPEC IP April 2026 — Question 85 of 100
Innovation — creation and practical adoption of a groundbreaking technology, product, process, or business model.
Innovation is more than an invention: it turns a novel idea into value and can disrupt existing markets or create new ones.
Answer (a)
Why not others: (b) Migration moves from one system or environment to another; (c) Real option values flexibility in uncertain investments; (d) Revolution is a general word for radical change, not the standard management term requested.
Key rule: Novel change that creates business or social value is innovation.
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