If an entrepreneur sees similar products in the market and adds extra convenience to the service, what is shown?

Question

Answer and explanation

Correct answer: Competitive innovation

Useful improvement after observing competition is practical innovation. Exam tip: check competition and innovation together.

What is the correct answer to this question?

Competitive innovation

Why is this the correct answer?

Useful improvement after observing competition is practical innovation. Exam tip: check competition and innovation together.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.