Question:
Which of the following is an example of innovation by an entrepreneur?
Which of the following is an example of innovation by an entrepreneur?
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Remember: Innovation = "New". Look for actions that create, invent, or introduce something original to the market.
Updated On: Jun 25, 2026
- Selling old products
- Copying another brand
- Creating new app for online learning
- Ignoring customer feedback
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The Correct Option is C
Solution and Explanation
Step 1: Concept
Entrepreneurship involves organizing and managing a business venture while taking on financial risks, largely driven by creating value.
Step 2: Meaning
Innovation is a core component of entrepreneurship. It means introducing a new idea, method, product, or solution to the market.
Step 3: Analysis
• Selling old products lacks novelty and does not introduce anything new to the market.
• Copying another brand is imitation, which is the exact opposite of original innovation.
• Ignoring customer feedback is poor management, not innovation.
• Creating a new app for online learning introduces a novel digital solution to meet an educational need, representing a fresh approach.
Step 4: Conclusion
The creation of a new, problem-solving product like an app is a clear demonstration of entrepreneurial innovation.
Final Answer: (C)
Entrepreneurship involves organizing and managing a business venture while taking on financial risks, largely driven by creating value.
Step 2: Meaning
Innovation is a core component of entrepreneurship. It means introducing a new idea, method, product, or solution to the market.
Step 3: Analysis
• Selling old products lacks novelty and does not introduce anything new to the market.
• Copying another brand is imitation, which is the exact opposite of original innovation.
• Ignoring customer feedback is poor management, not innovation.
• Creating a new app for online learning introduces a novel digital solution to meet an educational need, representing a fresh approach.
Step 4: Conclusion
The creation of a new, problem-solving product like an app is a clear demonstration of entrepreneurial innovation.
Final Answer: (C)
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