In which situation has the entrepreneur made an innovation?
Answer and explanation
Correct answer: Made a common service faster and more convenient for customers
Innovation includes introducing a new idea or making a meaningful improvement to an existing product, service, or process. Making a common service faster and more convenient adds value for users and therefore qualifies as process or service innovation. Simply repeating an old method, rejecting a problem, or reducing usefulness does not create improvement.
Frequently asked questions
What is the correct answer to this question?
Made a common service faster and more convenient for customers
Why is this the correct answer?
Innovation includes introducing a new idea or making a meaningful improvement to an existing product, service, or process. Making a common service faster and more convenient adds value for users and therefore qualifies as process or service innovation. Simply repeating an old method, rejecting a problem, or reducing usefulness does not create improvement.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Business Environment. Topic: Technological environment.
