Impact of Technology on Innovation and Entrepreneurship

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Questions and Answers

What is the main aim of the course mentioned in the text?

  • To restrict access to technological advancements
  • To impart knowledge about technology, business, and society for competitive entrepreneurship (correct)
  • To develop an indifferent attitude towards technology and business
  • To discourage entrepreneurial aspirations

How does technology influence entrepreneurial endeavors according to the text?

  • By limiting interest in innovation and simple product development
  • By promoting collaboration and competitive advantage in businesses (correct)
  • By isolating entrepreneurs from global perspectives
  • By discouraging economic stability

What role does technological knowledge play in becoming competitive in the business and technological world?

  • It hinders growth opportunities in both sectors
  • It is irrelevant for success in the fast-changing environment
  • It is essential for establishing a competitive edge in the evolving landscape (correct)
  • It leads to stagnation and lack of innovation

What is the main focus of Technology as mentioned in the text?

<p>Creating tools and processing actions (D)</p> Signup and view all the answers

Why do businesses use technology, according to the text?

<p>To improve economic growth (A)</p> Signup and view all the answers

What differentiates Technopreneurship from traditional entrepreneurship?

<p>Merging of technology and entrepreneurial skills (B)</p> Signup and view all the answers

How does Entrepreneurship contribute to economic growth?

<p>By creating new opportunities (C)</p> Signup and view all the answers

In what way does Technopreneurship accelerate innovation?

<p>By collaborating people with various skills (A)</p> Signup and view all the answers

What distinguishes Technology from Entrepreneurship based on the text?

<p>Solving problems and embarking on business ventures (A)</p> Signup and view all the answers

What characterizes an innovative entrepreneur?

<p>Passionate about discovering and developing new products. (B)</p> Signup and view all the answers

Which type of entrepreneur immediately copies existing products without innovation?

<p>Imitating Entrepreneur (D)</p> Signup and view all the answers

What sets a technopreneur apart from other entrepreneurs?

<p>Creating new forms of organization using new raw materials. (B)</p> Signup and view all the answers

What differentiates a drone entrepreneur from other types of entrepreneurs?

<p>Reluctant to change and content with current business outcomes. (D)</p> Signup and view all the answers

Which type of entrepreneur defies existing products and systems with new solutions using technology?

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

What distinguishes an imitating entrepreneur from other types of entrepreneurs?

<p>Immediately copies existing products made by innovative entrepreneurs. (C)</p> Signup and view all the answers

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