Sound Business Idea

Question 1

an economic opportunity which is within the reach of the entrepreneur and which will provide him with a desirable value.

Answer 1

Sound Business Idea

Question 2

is defined as “ the reorganization of experiences into new configurations. This will mean mentally taking things apart, rearranging the pieces in new and potentially productive arrangements, and looking beyond normal frameworks for new solutions.

Answer 2

Creativity

Question 3

It refers to the motivation, or willingness to repeat a process until the answer to a problem is obtained.

Answer 3

Drive

Question 4

It refers to the ability of the creative person to come up with a lot of ideas regarding the problem under consideration.

Answer 4

Fluency

Question 5

It refers to thinking beyond a certain category of ideas.

Answer 5

Flexibility

Question 6

It refers to the ability to consider the use of rare and unusual ideas.

Answer 6

Originality

Question 7

It refers to the ability to see unsual connections between objects or things

Answer 7

Awareness

Question 8

It refers to new products or services as well as improvements of old products or services.

Answer 8

Product Innovation

Question 9

It refers to improvement of process in the organization .

Answer 9

Process Innovation

Question 10

It refers to improvements in the marketing functions of promotion, pricing , distribution, packaging and advertising.

Answer 10

Marketing Innovation