INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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WHICH OF THE FOLLOWING SHOWS THE PROCESS OF CREATING SOMETHING NEW
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BUSINESS MODEL
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CREATIVE FLEXIBILITY
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INNVOATION
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MODELLING
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Explanation:
Detailed explanation-1: -E) Innovation is the process of creating something new, which is central to the entrepreneurial process.
Detailed explanation-2: -Innovation is the process of developing a new idea or invention of a product or service that creates a value in the market for which the customer would pay for and satisfies the needs and expectations of the customer.
Detailed explanation-3: -The Cambridge Dictionary defines an invention as “something that has never been made before, or theprocess ofcreating something that has never been made before”.
Detailed explanation-4: -Answer: c. The process of creating something new is called: Creative flexibility.
There is 1 question to complete.