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Innovation in entrepreneurship is related to what?

Answer and explanation

Correct answer: New methods and new ideas

Innovation in entrepreneurship means introducing a new or improved idea, product, service, method, or way of solving a problem. Innovation can help an enterprise meet customer needs more effectively, reduce waste, improve quality, or stand out from competitors. It is not limited to inventing a completely new machine; even a useful improvement in an existing process can be innovative. Creative thinking becomes valuable when it is applied practically.

Option A is correct because new methods and new ideas are central to innovation. Option B means abandoning work and has no connection with innovation. Option C describes confusion rather than a purposeful improvement, while option D represents poor management of resources. An entrepreneur uses innovation to create usefulness and improve the performance of an enterprise.

Related tags

Home-ScienceEntrepreneurshipInnovation

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