GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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innovation
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entrepreneur
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production
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foreign goods
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Detailed explanation-1: -Innovation, for its part, can refer to something new or to a change made to an existing product, idea, or field. One might say that the first telephone was an invention, the first cellular telephone either an invention or an innovation, and the first smartphone an innovation.
Detailed explanation-2: -Radical Innovation Radical innovation involves the creation of technologies, services, and business models that open up entirely new markets. The best example of radical innovation was the invention of the airplane.
Detailed explanation-3: -Innovation can mean progress, but sometimes it doesn’t. Innovation is more than just being new; it involves looking at things from a different perspective and thinking creatively about how they could be made better.