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What is Understanding Invention and Innovation about?

This document provides information about invention, innovation, and protecting new ideas for a GCSE Business Studies course. It defines invention as the discovery of new products or processes through research, while innovation is transforming inventions into marketable products. The benefits of innovating are discussed, such as charging higher prices, gaining a competitive advantage, and improving brand image. Methods for protecting ideas are also described, including patents which provide legal protection

Author

api-53255207

Language

EN