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In which situation has an entrepreneur successfully linked livelihood and innovation?

Answer and explanation

Correct answer: Creating a new useful product from skill and earning regular income

The direct answer is A: creating a new useful product from a skill and earning regular income. Livelihood means earning a living, while innovation means finding a new or improved way to create value. The reasoning is: the entrepreneur has a skill; the skill is used in a new or useful product; customers find value in that product; the product is sold; regular income is earned; the skill therefore supports both innovation and livelihood. Option A is correct because it contains skill use, usefulness, novelty, and income. Option B is wrong because leaving an opportunity does not create value or income. Option C is wrong because a product made without understanding customer need may not be useful or commercially successful. Option D is wrong because wasting resources is not innovation or responsible livelihood creation. Entrepreneurship connects an idea with real need, organised work, risk, and income. Memory cue: skill plus useful new value plus income is a strong sign of entrepreneurship.

Related tags

LivelihoodInnovationSkill Based Enterprise

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