INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Creative replication of an existing concept is referring to
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Synthesis
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Duplication
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Extension
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Invention
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Explanation:
Detailed explanation-1: -Duplication is the ability to reliably reproduce something of value. Factory production is the quintessential example of duplication: one design, many copies. Instead of “re-inventing the wheel” over and over again, duplication allows you to design the wheel once, then make as many of them as you wish.
Detailed explanation-2: -In innovation through duplication, a product is simply copied. The principles of innovation are largely focused on profit maximization. Innovation should follow a milestone schedule. It is really genius and not hard work that creates success for the entrepreneur.
Detailed explanation-3: -Synthesis is the combining of existing concepts into a new formulation.
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