-Innovation is essential for the entrepreneur in solving the inefficiency problems.
-means of cost reduction and imposing significance social and market grip.
-Profit improvements are looked at from the innovation point of view though newer
technology in management and production.
-To encounter competition by already established businesses.
-To facilitate opening up of new markets both locally and internationally.
-To facilitate diversification of products risks and losses.
-To protect current position of monopoly or success.
sharon kalunda answered the question on March 2, 2019 at 08:54
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