Innovation and Entrepreneurship Quiz
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Questions and Answers

What is the main difference between innovation and entrepreneurship?

  • Innovation is about risk-taking, while entrepreneurship is about adding value to existing products or services.
  • Innovation focuses on creating change, while entrepreneurship involves generating new ideas.
  • Innovation involves introducing something new, while entrepreneurship focuses on turning a great idea into a business opportunity. (correct)
  • Innovation is solely about economic growth, while entrepreneurship is about building successful businesses.

    • What is the starting point for entrepreneurship?

  • Promoting economic growth
  • Generating new ideas
  • Innovation (correct)
  • Building successful businesses

    • What is the critical role of innovation?

  • Introducing something new or creating change.
  • Promoting a country's economic growth. (correct)
  • Building successful businesses.
  • Generating new and valuable ideas.

    • What does the act of innovation involve?

    <p>Introducing something new or creating change that adds value to existing products or services.</p> Signup and view all the answers

    What does entrepreneurship go further by doing?

    <p>Taking on the risk and responsibility of bringing new ideas to market and building a successful business.</p> Signup and view all the answers

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