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20 July, 07:57

Which of the following statements about innovation is true?

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  1. 20 July, 11:17
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    The question is incomplete, here is the complete question:

    Which of the following statements about innovation is true?

    a. Innovation is the specific function of entrepreneurship.

    b. Innovation is the process by which entrepreneurs consume marketable ideas.

    c. Innovation does not involve change.

    d. Innovation is the government's responsibility.

    Answer:

    a. Innovation is the specific function of entrepreneurship.

    Explanation:

    Innovation refers to developing new ideas, processes or technologies and using this to create a new product or service that will satisfy customer's needs. Also, it is a tool that is used in entrepreneurship to develop new ideas or find a better way to do something and it involves change. According to this, the answer is that the statement that is true is innovation is the specific function of entrepreneurship.
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