Explain how patents work. Which legal tests must be satisfied in most countries in order to meet patient requirements?QUESTION 5Explain the importance of brainstorming. What are the three most important approaches to brainstorming? Explain a situation in which brainstorming could achieve innovative resultsQUESTION 6Give an example of a consumer market survey in which the company was able to obtain information to successfully launch a new product. Is there a best way to identify niches? Explain.QUESTION 7Explain what it means to be a venture champion? What are some of the factors that influence the decision to establish a new venture? What do we know about the background of individuals who have a propensity to develop new ventures?QUESTION 9What are the four arguments for pushing for greater levels of networking in innovation? Which one do you find most persuasive and why?QUESTION 10What are the different challenges to expect in the set-up operating, and sustaining (or closure) stage in managing innovation networks? Give an example of a product or program and the challenges it faced in one of these three areas