When is innovation considered useful rather than merely an attractive idea?
Answer and explanation
Correct answer: When it solves a problem and creates value
Innovation becomes useful when it addresses a real problem or need and provides value to customers or society. Value may appear through better quality, lower cost, greater convenience, or a new solution. An idea is not useful merely because it is expensive, unusual, or difficult to understand. Therefore, option A correctly identifies problem-solving and value creation as the key tests of useful innovation.
Frequently asked questions
What is the correct answer to this question?
When it solves a problem and creates value
Why is this the correct answer?
Innovation becomes useful when it addresses a real problem or need and provides value to customers or society. Value may appear through better quality, lower cost, greater convenience, or a new solution. An idea is not useful merely because it is expensive, unusual, or difficult to understand. Therefore, option A correctly identifies problem-solving and value creation as the key tests of useful 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.
