Question

Question 7 1 pts An engineer at 3M Company developed a new product concept called Post-It notes by applying adhesive glue to small pieces of paper. This product concept is most closely aligned with which type of innovation? O invention extension O synthesis O fusion O duplication

Answer 1

Question 7

This product concept is most closely aligned with extension innovation. This is because creating post its by applying adhesive glue to small pieces of paper is extension of innovation of adhesive glue. The engineer had applied same concept of sticking piece of paper and adhesive glue also serves same purpose. Hence the concept is just an extension of invention of adhesive glue.

Question 8

Entrepreneurs create value by providing return to investors. This is because the money that has been invested by the investor for creation of products or services by the entrepreneurs needs to be returned with profits to the investor. This is how value creation is done by the entrepreneur or by any business person.