Asked by Gerriley Lucas on Jun 07, 2024
Verified
History shows that inventions are often created by more than one individual over a long period of time and are often improvements on existing products.
Existing Products
Goods or services that are currently available on the market, distinguished from newly developed or conceptual offerings.
Long Period
An extended duration of time, which can span years or even decades, often used in the context of investments or planning.
- Understand the concepts of opportunity recognition and idea generation within entrepreneurship.
Verified Answer
TJ
TONYA JOHNSONJun 10, 2024
Final Answer :
True
Explanation :
Many of the world's greatest inventions were created through collaboration and incremental improvements on existing ideas. For example, the light bulb was not invented by just one person, but rather through the contributions of many inventors over a span of several decades. Similarly, the development of the computer involved the work of many individuals, each building on the achievements of those who came before them.
Learning Objectives
- Understand the concepts of opportunity recognition and idea generation within entrepreneurship.
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