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Question
directions: inventions and innovations have multiple definitions that have the same meaning. use the presentation and list the various definitions for inventions and innovations.
An invention is a unique or novel device, method, composition or process. It can be something completely new that has not existed before. Innovation is the implementation of new ideas, products, processes, or business models in the market or within an organization. It often builds on existing inventions and turns them into something useful and valuable in a real - world context.
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Invention:
- A new device created through creative thinking.
- A novel process that has not been seen before.
- A new composition with unique properties.
Innovation:
- The introduction of a new product in the market.
- The implementation of a new business model.
- The use of a new process to improve efficiency in an organization.