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Which one of the following is not a major area of entrepreneurial innovation as suggested by Joseph…

In 'The Theory of Economic Development', Joseph A. Schumpeter identified five specific areas of entrepreneurial innovation: product innovation (new good), process innovation…

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Which one of the following is not a major area of entrepreneurial innovation as suggested by Joseph Schumpeter ?

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Correct answer D

In 'The Theory of Economic Development', Joseph A. Schumpeter identified five specific areas of entrepreneurial innovation: product innovation (new good), process innovation (new method of production), market innovation (opening a new market), input/supply innovation (new source of raw material), and industrial organization innovation. 'Structural innovation' as a standalone internal administrative label is not one of Schumpeter's five areas.

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