MI - 4

Question 1

What are consumer dependent-characteristics of innovation?

Answer 1

When resistance varies by person -
1. Relative advantage
2. Compatibility
3. Perceived risk

Question 2

What are consumer independent-characteristics of innovation?

Answer 2

Resistance is the same for everyone -
1. Trialability
2. Amenability to modification
3. Complexity

Question 3

Active resistance

Answer 3

Individual evaluates and decides against
1. Functional Barriers
2. Psychological Barriers

Question 4

3 functional barriers

Answer 4

1. Usage
2. Value
3. Risk

Question 5

4 types of risk barriers

Answer 5

1. Physical
2. Economic
3. Functional
4. Social

Question 6

2 Psychological barriers

Answer 6

1. Tradition Barrier
2. Image Barrier

Question 7

Social enterprise

Answer 7

1. What is social entrepreneurship?
   Social entrepreneurship involves creating businesses or initiatives that address social, environmental, or cultural issues while maintaining financial sustainability.

Question 8

What are the 3 main characteristics of a social enterprise?

Answer 8

1. Run sustainably
2. Reinvest profit
3. Alleviates social problem

Question 9

What is a key difference between shareholder payouts or dividends for commercial enterprises versus social enterprises?

Answer 9

Unlike commercial enterprises, social enterprises typically reinvest most of their profits into their mission rather than distributing significant dividends to shareholders.

Question 10

6.What is corporate social responsibility (CSR)?

Answer 10

CSR is a business approach where companies integrate social, environmental, and ethical considerations into their operations and stakeholder interactions.