What is the main difference between innovation and invention?
Answer and explanation
Correct answer: Innovation may improve or apply something usefully, while invention may create something new
An invention generally refers to creating a new device, process, or idea that did not previously exist in that form. Innovation is broader: it may involve improving an existing solution, applying an idea in a new way, or successfully bringing value to users. The two can overlap, but neither is defined by price. Thus, option A gives the useful distinction.
Frequently asked questions
What is the correct answer to this question?
Innovation may improve or apply something usefully, while invention may create something new
Why is this the correct answer?
An invention generally refers to creating a new device, process, or idea that did not previously exist in that form. Innovation is broader: it may involve improving an existing solution, applying an idea in a new way, or successfully bringing value to users. The two can overlap, but neither is defined by price. Thus, option A gives the useful distinction.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
Student feedback
Was this question useful?
👍 0 Helpful 👎 0 Not helpful
Yes 0% No 0%
0 responsesStudent Reviews
No published reviews yet.
