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Entrepreneurial Creativity and Innovation
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Entrepreneurial Creativity and Innovation

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Questions and Answers

What is the outcome of combining separate parts or elements?

  • Developing a business venture
  • Establishing a new company
  • Creating a new market trend
  • Formulating a whole new application (correct)
  • What is the primary characteristic of a creative idea?

  • Being easily implementable
  • Being widely accepted
  • Being novel and useful (correct)
  • Being cost-effective
  • What does creativity enable an entrepreneur to do?

  • Rethink an old idea (correct)
  • Develop a new business plan
  • Create a new marketing strategy
  • All of the above
  • What is the primary role of innovation in entrepreneurship?

    <p>Converting opportunities into marketable solutions</p> Signup and view all the answers

    What is the result of exploiting new ideas in entrepreneurship?

    <p>Generating wealth</p> Signup and view all the answers

    What is an example of synthesis in technology?

    <p>Combining a hand phone and a camera</p> Signup and view all the answers

    What is the relationship between creativity and innovation?

    <p>Creativity is a subset of innovation</p> Signup and view all the answers

    What is the primary goal of an entrepreneur who is creative and innovative?

    <p>To generate wealth</p> Signup and view all the answers

    What is the outcome of rethinking an old idea?

    <p>Coming up with a new application</p> Signup and view all the answers

    What is the role of innovation in driving change?

    <p>It is a catalyst for change</p> Signup and view all the answers

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