Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
Name the step of creative process in which, the seed of curiosity has taken a form of idea and the entrepreneur starts looking for the answer to implement the idea-
Options:
Incubation
Verification
Innovation
Preparation
Correct Answer:
Preparation
Explanation:
Preparation: On the basis of the idea, interest and curiosity the need is adjudged by the entrepreneur and he starts looking for the answer to implement the idea. If the idea is to launch a new product or service then market research is conducted. That happens because the seed of curiosity has taken form of an idea, the entrepreneurs foresee the future of the product.