ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The process of making changes to something that adds value to customers is ____
A
an innovation
B
an idea
C
an opportunity
D
a creativity
Explanation: 

Detailed explanation-1: -Increases productivity One of the benefits of innovation in business is the increase in productivity of individuals, processes, and business models, among others. Simply put, innovation presents new ideas to business leaders to increase efficiency with minimum resources.

Detailed explanation-2: -Change: The difference in a state of affairs related to different points of time. Innovation: Innovation is something original and new, being introduced to the world. It can be new ideas, new devices or new processes.

There is 1 question to complete.