As a Process, Entrepreneurship Results in the "Creative Destruction" of Existing

question 45

True/False

As a process, entrepreneurship results in the "creative destruction" of existing products (goods or services) or methods of producing them and replaces them with new products and production methods.

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Definitions:

Major Consequence

A significant outcome or result that follows an action, decision, or event, often having long-lasting effects.

Work Habits

A person’s characteristic approach to work, including such things as organization, priority setting, and handling of paperwork, e-mail, and intranets.

Preoccupied

Being absorbed in thought or engrossed in an activity to the extent of becoming unaware of one’s surroundings.

Unfinished Tasks

Tasks that have been started but not completed, often causing a mental or emotional burden due to the pending work that remains to be done.