What is the process of generating, developing, and communicating new ideas for business development called?
Market research
Product development
Innovation
Business planning
Correct Answer :
C. Innovation
Related Questions
What is the term for a person who starts and manages a business with the aim of making a profit?
Investor
Entrepreneur
Innovator
Executive
Which of the following is NOT a key characteristic of a successful entrepreneur?
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Creativity
Risk aversion
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Startup phase
Pilot phase
Feasibility phase
Proof of concept phase
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Serial entrepreneurship
Social entrepreneurship
Lifestyle entrepreneurship
Corporate entrepreneurship
Which type of entrepreneurship is focused on creating social or environmental impact rather than purely financial profit?
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Funding procurement
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Fundraising
What type of entrepreneur is characterized by starting multiple businesses over their career?
Serial entrepreneur
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What is the term for a group of individuals who work together to develop and launch a business venture?
Syndicate
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Which of the following is an example of a non-profit organization that engages in entrepreneurial activities to achieve social or environmental goals?
Red Cross
Microsoft
Coca-Cola
Apple Inc.
Which of the following is a common form of intellectual property protection for inventions and innovations?
Trademark
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Patent
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Business plan
Partnership agreement
Memorandum of understanding (MOU)
Articles of incorporation
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Onboarding
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Sole proprietorship
Partnership
Limited liability company (LLC)
Corporation
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Valuation
Appraisal
Pricing
Estimation
Which of the following is NOT a stage in the product development process?
Conceptualization and ideation
Market research
Manufacturing
Post-launch evaluation
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A small family-owned bakery
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Partnership
Sole proprietorship
Limited liability company (LLC)
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Gross Domestic Product (GDP)
Net Profit Margin
Return on Investment (ROI)
Cost of Goods Sold (COGS)
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Idea refinement
Business planning
Opportunity recognition
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Market research
Environmental scanning
Competitive analysis
SWOT analysis
What is the process of generating, developing, and communicating new ideas for business development called?
Market research
Product development
Innovation
Business planning
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