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Entrepreneurship and Innovation Quiz

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What is the primary goal of entrepreneurship?

To innovate for social change

To manage public resources

To achieve financial gain (correct)

To produce non-profit outcomes

Which type of innovation involves significant changes to existing practices?

Process Innovation

Product Innovation

Incremental Innovation

Radical Innovation (correct)

What distinguishes architectural innovation from component innovation?

Architectural innovation focuses on individual components

Component innovation targets the overall structure of a product

Architectural innovation alters the design of a product (correct)

Component innovation only applies to software

What does competence-enhancing innovation do to an organization?

<p>It strengthens existing capabilities</p> Signup and view all the answers

Which figure is notable for innovation related to market leadership in 2020?

<p>James Watt</p> Signup and view all the answers

Entrepreneurship and Innovation Quiz

Choose a study mode

Podcast

Questions and Answers

What is the primary goal of entrepreneurship?

Which type of innovation involves significant changes to existing practices?

What distinguishes architectural innovation from component innovation?

What does competence-enhancing innovation do to an organization?

Which figure is notable for innovation related to market leadership in 2020?

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