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  3. 1 what is technological innovation why it is so important...

Question: 1 what is technological innovation why it is so important...

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1. What is technological innovation? Why it is so important? Give examples.

2. What do you mean by Gross Domestic Product (GDP) and externalities? Give

examples (both positive and negative).

3. How long does new product development take?

4. Why Strategic Management is important for technological innovation? What

are the components of a firm’s new product development process?

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