Business Studies

Who suggests that the process of innovation is actually of spontaneous "undeliberate learning"?


ANSWER

Kirzner


SOLUTION
Kirzner suggests that the process of innovation is actually of spontaneous "Undeliberate Learning" (1985). Thus, the necessary characteristics of entrepreneurship is alertness and recognizing the upcoming opportunities
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Hard Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 202
Enroll Now For FREE

Realted Questions

Q1 Single Correct Hard
___ is defined as the process of making money, earning profits and increasing the wealth while posing characteristics such as risk taking, management, leadership and innovation.
  • A. Salesmanship
  • B. Enterpreneurship
  • C. Intrapreneurship
  • D. None of above

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Which category of entrepreneurship does Peter Sematimba fall in?
  • A. Superstar
  • B. Hard-working
  • C. Analyst
  • D. Failed

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Hard
Effective business planning is critical to an entrepreneurial company's___________and its ability to raise capital and grow successfully.
  • A. Medium-term success
  • B. Short-term success
  • C. Long-term success
  • D. Average-term success

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Small scale industrial undertaking is an industrial undertaking in which the investment in fixed assets in plant and machinery, whether held on ownership terms or on lease or on hire purchase, does not exceed _______.
  • A. Rs. $$4$$ crore
  • B. Rs. $$3$$ crore
  • C. Rs. $$2$$ crore
  • D. Rs. $$1$$ crore

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Which of the following is not a key element of Entrepreneurship?
  • A. Innovation
  • B. Risk taking
  • C. Organising skills
  • D. Diversification

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer