Successful new products spring from the convergence of the creative mind, technical mind, and business mind composing an entrepreneurial mind. Which of the following best describes business mind?*1 pointConceptualizes and designs a product that consumers find some use for comfortTechnology originatorTechnology adaptorHarness the potentials of new products by creating the market space

Which of the following best describes a creative mind?*1 pointConceptualizes and designs a product that consumers find some use for comfortTechnology originatorTechnology adaptorHarness the potentials of new products by creating the market space

Creating unique and distinctive products or services that stand out in the market is normally referred which of the following?  A. Innovation  B. Differentiation  C. Creativity to the products  D. Unique Proposition

What type of entrepreneurial business sells products directly to the people?*ManufacturingRetailingWholesalingService

Which of the following is NOT a characteristic of an innovative mindset?*1 pointFixed mindsetOpen-mindednessResilienceCuriosity

All of the following are accurate descriptions of new product ideas, except which one?Select one:a.New product development starts with idea generation.b.Some companies use brainstorming exercises that expand people's minds and generate new ideas around the client's problem.c.At the beginning of the process, carefully scrutinize each idea and throw far-fetched and impractical ones out the window.d.Customers must be careful not to rely too heavily on customer input when developing new products.