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单词 innovation
释义 innovation

The economic application of a new idea. Product innovation involves a new or modified product; process innovation involves a new or modified way of making a product. Innovation sometimes consists of a new or modified method of business organization. Many cases, for example the introduction of the credit card, have involved all these types of innovation.

See also:

financial innovation, and diffusion of innovations

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更新时间:2025/1/22 18:07:28