The new idea is then cemented to form a new business start up and the objective of this approach is to generate new ideas, improve or create value or generate new uses of a product. The success of this program would offer a new source of revenue of the company. This is an example of ..... through new market demand is created.

ENTREPRENEURIAL PROCESS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The new idea is then cemented to form a new business start up and the objective of this approach is to generate new ideas, improve or create value or generate new uses of a product. The success of this program would offer a new source of revenue of the company. This is an example of ____ through new market demand is created.

A	listening to feedback
B	need for achievement
C	Schumpeter idea of “creative destruction”
D	creative problem solving

Explanation:

Detailed explanation-1: -Innovative entrepreneurship Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions. They take these ideas and turn them into business ventures.

Detailed explanation-2: -Business idea generation and opportunity analysis are the foundation building block for launching a new business or venture. The origin of a business idea and the analysis of the opportunity needed to build and grow such idea into a business structure is one necessary marriage in entrepreneurship.

There is 1 question to complete.

ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS