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Question
When an entrepreneur introduces a new technique or a new product, it is called ______.
Options
Invention
Innovation
Expansion
Inspiration
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Solution
When an entrepreneur introduces a new technique or a new product, it is called Innovation.
Explanation:
Innovation refers to introducing a new technique, product, or idea. When an entrepreneur introduces something new, whether a product or a process, it is considered an innovation. This can lead to more efficient production, new market opportunities, or improved products.
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