INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reverse innovation happens when a third party is discussing ways to improve current product.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Reverse Innovation is about innovating to serve the poorer populations of the world, which have third world constraints, and applying those innovations back into developed economies. There are significant lessons to be learnt for businesses in the developed world on how growth could be driven by looking further afield.
Detailed explanation-2: -Better products for consumers and a variety of options to choose from at reasonable prices. Companies investing higher amounts in building the sustainable technological infrastructure that would facilitate advanced engineering. More items •26-Aug-2019
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