QFS Unit 3 Vocabulary

Front

a document that defines a business’s objectives and strategies which usually includes a business summary, market research, and plan for execution.

Back

business plan

Front

the use of imagination or original ideas or an individual’s ability to create

Back

execution creativity

Front

a series of steps that engineers or innovators can apply to develop a solution to a problem

Back

engineering design process

Front

one who organizes, manages, and assumes the risks of a business or enterprise

Back

entrepreneur

Front

the introduction of something new

Back

innovation

Front

something that has been produced for the first time through the use of the imagination or of ingenious thinking and experiment the ability to create something new or the act of develop a new process, product, or service

Back

invention

Front

the activity of gathering information to understand the needs of your customer; this research helps to identify the value of the product that is being offered

Back

market research

Front

a writing securing for a term of years the right to exclude others from making, using, or selling an invention

Back

patent

Front

a first full-scale and usually functional form of a new design of an invention

Back

prototype

Front

a distinguishable part in a course, development, or cycle

Back

phase