Explain how innovation funnel might influence a company


Questions:

Question 1

Explain how an understanding of the innovation funnel might influence a company's view of research and development?

Question 2

Andrew designed a license plate holder for automobiles that attaches to a car in such a way as to make theft of the license plate practically impossible. He has limited income and feels that he needs to protect his patent in numerous countries so he can sell his product there later on. Explain how Andrew can accomplish this.

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Microeconomics: Explain how innovation funnel might influence a company
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