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Bricolage Is Entrepreneurs Making Do by Applying Combinations of the Resources

question 18

True/False

Bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems and opportunities. 


Definitions:

Short Run

A period in which at least one factor of production is fixed, and only the variable factors can be adjusted by firms to influence output.

Innovation

The process of developing new ideas, products, or methods that improve upon existing standards or create novel solutions.

Invention

The creation of a new product, process, or idea that previously did not exist.

Diffusion

The process through which innovations, cultural practices, ideas, or technologies spread within and across societies.

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