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In entrepreneurship, what is innovation related to?

Answer and explanation

Correct answer: नई या बेहतर विधि, उत्पाद या सेवा लाने से

Innovation means introducing a new idea or making a meaningful improvement to an existing product, service, process, or business method. It is valuable when it creates usefulness, solves a customer problem, or improves efficiency; novelty alone is not enough. Repeating an old method, avoiding customers, or merely increasing expenses does not constitute innovation.

Related tags

InnovationCreativityEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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