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56. _______ means identifying and imitating the best in the world at specific tasks and functions.
Benchmarking
Outsourcing
Quality circle
Continuous improvement
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57. A person who managed large project was termed as the entrepreneur in the _______
Earliest period
Middle ages
17th century
19th and 20th century
58. The difference in the entrepreneurial and managerial domains has contributed towards an increase interest in
Forming new firms
Partnership
Intrapreneurship
Private firms
59. Innovation theory includes
To create a new department
To open a new market
To present a new product
All of the above
60. The entrepreneur in an advanced economy is an individual who _______ something new into the economy - a method of production not yet tested by experience in the branch of manufacture concerned, a product with which consumers are not yet familiar, a new source of raw material, new markets and the like.
Introduces
Produced
Reduced
Increased
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