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.
Frequently asked questions
What is the correct answer to this question?
नई या बेहतर विधि, उत्पाद या सेवा लाने से
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
