According to a study by the National Federation of Independent Business Foundation, the most common source of new product ideas for small business startups is
A) prior work experience.
B) personal interests and hobbies.
C) a chance happening.
D) existing records of a business.

Question

Quizplus · Accepted Answer

The study conducted by the National Federation of Independent Business Foundation found that prior work experience was the most common source of new product ideas for small business startups. This suggests that individuals draw upon their knowledge and expertise gained from previous work to identify potential opportunities and create innovative products that cater to consumer needs.

According to a Study by the National Federation of Independent