CAT 2025 INNOVATION-AND-ENTREPRENEURSHIP — Previous Year Question
Year
CAT 2025
Section
INNOVATION-AND-ENTREPRENEURSHIP
Topic
Unknown Topic
Difficulty
Hard
Question
Slot-2
Given below are two statements:
Statement I: Innovation, defined as the creation or adoption of new ideas, products, services, programs, technology, policy, structure or new administrative systems, is acknowledged as a source of sustained competitive advantage of many organisations. Statement II: The innovation adoption process does not depend upon the 'Initiation stage', which includes recognition of a need, knowledge acquisition, initial attitude formation and innovation selection.
In the light of the above statements, choose the correct answer from the options given below:
Both Statement I and Statement II are true
Both Statement I and Statement II are false
Statement I is true but Statement II is false
Statement I is false but Statement II is true
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