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?

<p>Potential customers (A)</p> Signup and view all the answers

How can entrepreneurs gather new ideas from potential customers?

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

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

<p>Enhanced customer satisfaction (C)</p> Signup and view all the answers

Where can an entrepreneur get suggestions for completely new products?

<p>Distribution channels (D)</p> Signup and view all the answers

What can analyzing competitive products and services lead to?

<p>Improvement of existing products (D)</p> Signup and view all the answers

Which government source provides information about available patents?

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

How did an entrepreneur improve sales of hosiery products?

<p>By altering the color based on feedback (C)</p> Signup and view all the answers

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

<p>Providing suggestions for new products (A)</p> Signup and view all the answers

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