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Innovation and Creativity

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Questions and Answers

What is the role of creativity in the process of innovation?

Creativity is essential for innovation (correct)
Creativity is detrimental to innovation
Creativity hinders the innovation process
Creativity is unnecessary for innovation

What is the significance of converting a creative idea into a product or service?

It enhances the value of the idea (correct)
It makes the idea irrelevant
It complicates the innovation process
It devalues the idea

Why is creativity considered a prerequisite for innovation?

Creativity slows down the innovation process
Innovation can occur without any creative input
Innovation is only possible with creativity (correct)
Creativity guarantees immediate success in innovation

Who serves as a primary source of new ideas for products or services?

Potential customers (A) Signup and view all the answers

How can entrepreneurs gather new ideas from potential customers?

By paying close attention to customer needs and opinions (B) Signup and view all the answers

What is the ultimate result of successful innovation according to the text?

Enhanced customer satisfaction (C) Signup and view all the answers

Where can an entrepreneur get suggestions for completely new products?

Distribution channels (D) Signup and view all the answers

What can analyzing competitive products and services lead to?

Improvement of existing products (D) Signup and view all the answers

Which government source provides information about available patents?

Government publications (C) Signup and view all the answers

How did an entrepreneur improve sales of hosiery products?

By altering the color based on feedback (C) Signup and view all the answers

What role do members of distribution channels play in product development?

Providing suggestions for new products (A) Signup and view all the answers

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