ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Combination of existing concepts and factors into a new formulation or use
A
Synthesis
B
Innovation
C
Extension
D
None of the above
Explanation: 

Detailed explanation-1: -Synthesis is the combining of existing concepts into a new formulation. One of the most helpful avenues for developing one’s own creative talents is to be aware of the habits and mental blocks that stifle creativity.

Detailed explanation-2: -This moment is traditionally referred to as the “insight” stage of the creative process, or what some have playfully dubbed the “Eureka!” moment.

Detailed explanation-3: -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.

There is 1 question to complete.