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iragen [17]
2 years ago
11

Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepr

eneur, can use to encourage creativity and innovation in your small business in your response. Provide support for your response.
Business
1 answer:
Colt1911 [192]2 years ago
4 0

Answer is given below :

Explanation:

  • Innovation is part of the business and should be successful in the long run. If the business is not innovative it will one day fail and stop making a profit.
  • example shows that it was the number one mobile phone in 2000 but it failed for a long time because it did not change the dynamic market and did not adopt the Android operating system.
  • There are three strategies to promote creativity and innovation in small business: -
  1. A business should focus not only on the product, but also on the process, delivery and customer service of the product.
  2. A business must always come up with new ideas to survive in the market, which will reduce costs and improve production.
  3. A business must constantly monitor the current dynamic environment in the business world and adapt to market conditions and change business on time if necessary.
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______ refers to changes in behavior, cognitions, values, language, cultural activities, personal relational styles, and beliefs
sergeinik [125]

Answer:

2. acculturation

Explanation:

Acculturation -

It is process where the cultural , psychological and social changes are balanced between any two cultures , which adapting the prevailing  one in the society , in  referred to as acculturation.

In this method , the people adapts to a particular new culture of the society.

In order to learn and adapt and live along with the society .

The people actively tries to adapt to the new prevailing culture by increasing participation.

Hence , from the given information of the question,

The correct term is acculturation.

3 0
3 years ago
Which idea is explicitly stated in the article "what a bad flu season could cost the us economy"?
geniusboy [140]
C. Some sources say the flu vaccine could lessen negative affects on the economy.
- Apex
4 0
3 years ago
Read 2 more answers
Which of the following would decrease aggregate demand? a) an improvement in consumer confidence b) a decrease in the foreign ex
Alex_Xolod [135]

Answer:  Option B

                                 

Explanation: In simple words, aggregate demand refers to the total amount of goods and services that the consumers are willing to consume at a specific price and in a specified time.

A decrease in dollar value will result in less purchasing power for imports. This will result in less supply which will ultimately increase the price of the imported quantity, thus, resulting in decrease in aggregate demand.

8 0
2 years ago
A high-ranking manager who advocates the project and uses her or his influence to gain approval of the project is a project
kolbaska11 [484]
Such a person is the PROJECT SPONSOR. A project sponsor is the person with the overall accountability for a project, he has the responsibility to ensure that the project delivers the agreed business benefits. He is usually the one who is responsible for securing the financing and total resources project approval.
4 0
3 years ago
Super Computer Company's stock is selling for $100 per share today. It is expected that, at the end of one year, it will pay a d
lesantik [10]

Answer: A. 20%

Explanation:

The expected return takes into account whatever dividends and capital gains accrue to a stock over the period.

Expected return = (Price at end of period + Dividends - Price at beginning of period) / Price at beginning of period

= (114 + 6 - 100) / 100

= 20/100

= 20%

5 0
3 years ago
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