Which term is defined as coming up with new ideas and making suggestions that should be considered by the business?

Which term is defined as coming up with new ideas and making suggestions that should be considered by the business?

• A. Discrimination
• B. Networking
• C. Innovation
• D. Entrepreneurship

Answer: (C)

Generating and suggesting new ideas for the business to consider is innovation. It focuses on creating improvements to products, services, or ways of doing things and presenting those ideas so management can review and potentially put them into practice. This differs from entrepreneurship, which is about starting and growing a new business; networking, which is about building relationships to gain opportunities; and discrimination, which is an unfair treatment issue and not about proposing business improvements. A concrete example would be proposing a new packaging design to reduce costs and appeal to customers, then having management assess feasibility and potential impact.

Generating and suggesting new ideas for the business to consider is innovation. It focuses on creating improvements to products, services, or ways of doing things and presenting those ideas so management can review and potentially put them into practice. This differs from entrepreneurship, which is about starting and growing a new business; networking, which is about building relationships to gain opportunities; and discrimination, which is an unfair treatment issue and not about proposing business improvements. A concrete example would be proposing a new packaging design to reduce costs and appeal to customers, then having management assess feasibility and potential impact.