Which Statement Is Correct Concerning the Role of Innovation for Small

question 114

Multiple Choice

Which statement is correct concerning the role of innovation for small businesses?

• A)Fortune magazine reports that 93 per cent of company founders reported that their business turned out to be nothing like their original venture concept.
• B)Studies have shown that small entrepreneurial businesses produce 95 per cent as many innovations per employee as large businesses.
• C)According to Clayton Christensen, 60 per cent of all new products end up failing or performing well below expectations.
• D)Small entrepreneurial businesses produce twice as many innovations per employee as large businesses.

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Definitions:

Claim

A statement or assertion, often in a legal or professional context, that something is the case.

Personal Responsibility

The concept of being accountable for one's actions and decisions, acknowledging the consequences they bring.

Customer's Shortcomings

Refers to the limitations or areas of improvement identified in a customer's needs or behaviors.

Social Media

Digital tools that facilitate the creation, sharing, and exchange of information, ideas, career interests, and other forms of expression via virtual communities.