ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
(p. 25) New products with significant technological advancement are known as:
A
technological innovations
B
ordinary innovations
C
breakthrough innovations
D
scientific innovations
Explanation: 

Detailed explanation-1: -A technological innovation is a new or improved product or process whose technological characteristics are significantly different from before. Implemented technological product innovations are new products (product innovations) or processes in application (process innovations) that have been brought to market.

Detailed explanation-2: -The list of inventions that shaped America in the 1920s included the automobile, the airplane, the washing machine, the radio, the assembly line, refrigerator, garbage disposal, electric razor, instant camera, jukebox and television.

Detailed explanation-3: -Emerging technologies are technologies whose development, practical applications, or both are still largely unrealized. These technologies are generally new but also include older technologies finding new applications.

Detailed explanation-4: -Many major technical advances became the springboard for countless other new innovations. A good example? The semiconductor chip. The electric circuit with many components such as transistors and wiring opened the door to the evolution of the laptop, followed by the smartphone and tablet.

There is 1 question to complete.