. Innovation Group of answer choices is also known as diffusion includes new products but not new production methods. can either increase or decrease the market share of a large firm, depending on whether it is introduced by the large firm or one of its competitors. is the first discovery of a product or process, rather than its first successful commercial introduction.

is the first discovery of a product or process, rather than its first successful commercial introduction.

Explanation:

Innovation is serious of activities that lead to the introduction of a new way of doing things, new products, or services that add value to customers. Innovation starts with the generation of ideas on new products and services, or improvements of existing products and processes. The idea is then transformed into products or services that customers will be willing to purchase.

An idea is described as  innovative if it is transformable in goods and services in an economical manner. The end products must offer better solutions at an affordable rate than the currently available option.

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