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 (B)</p> Signup and view all the answers

What is the result of exploiting new ideas in entrepreneurship?

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

What is an example of synthesis in technology?

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

What is the relationship between creativity and innovation?

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

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

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

What is the outcome of rethinking an old idea?

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

What is the role of innovation in driving change?

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

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