INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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McBrady & Co. comes up with a new method to manufacture its product that saves time, money, and effort. This is known as ____ innovation.
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Product
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Paradigm
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Process
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Positioning
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Explanation:
Detailed explanation-1: -There are many risks associated with innovation such as the loss of money, the loss of time, the loss of company reputation/image, and the loss of potential.
Detailed explanation-2: -The invention involves the creation of something entirely new, while innovation involves the improvement or modification of something that already exists. Creativity, on the other hand, is the ability to generate new ideas or concepts.
There is 1 question to complete.