How does innovation in an entrepreneurship context differ from inventions or new business ideas?
What will be an ideal response?
An important distinction between innovation and inventions or new business ideas is that
innovation involves an attempt to put inventions and new business ideas into practice.
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A type of business in which the principal source of revenue is compensation for services rendered to a business firm or to a person is a
a. mercantile enterprise. b. manufacturing enterprise. c. professional service enterprise. d. retail enterprise.
The notion of competitive advantage means that:
a. a successful firm will stake out a position unique in some manner from its rivals. b. the advantage can be enjoyed only for a short period. c. a company manufactures products which are similar to those of its competitors. d. an established firm focuses solely on developing a low-price competitive advantage.
The capital of financial institutions is often measured by the ________ ratio
A) current B) net worth C) asset turnover D) liquidity
What generates revenue each time a user clicks on a link that takes the user directly to an online agent waiting for a call?
A. Pay-per-conversion B. Pay-per-click C. Pay-per-call D. All of these