The great economist Joel Schumpeter emphasized that innovation is the key to entrepreneurship. Which of the following is a basic way to create a new business?

A. expand upon old technology
B. develop current markets
C. use new technology to produce a new product
D. find a less expensive source of resources


Answer: C

Business

You might also like to view...

The PCAOB makes it clear that the CEO and CFO are responsible for the internal control over financial reporting and the preparation of the statements.

Answer the following statement true (T) or false (F)

Business

At the interest stage of consumer-adoption process, the consumer becomes aware of the innovation but lacks information about it

Indicate whether the statement is true or false

Business

Explain the characteristics of management fraud

Business

A major step in regulating "unfair or deceptive business acts and practices" was the enactment of the ________ in 1938

A) Robinson-Patman Act B) Wheeler-Lea Act C) Interstate Commerce Commissions D) Taft-Hartley Act E) Stamp Act

Business