Podcast
Questions and Answers
What is the key to business success according to the text?
What is the key to business success according to the text?
- Creating original ideas
- Adapting existing products
- Identifying a problem (correct)
- Incorporating new technology
Which type of ideas often arise when entrepreneurs identify a gap in the market?
Which type of ideas often arise when entrepreneurs identify a gap in the market?
- Existing product ideas
- Original ideas (correct)
- Technology-based ideas
- Adaptive ideas
What did Nutrigene offer as a subscription service based on an individual's DNA?
What did Nutrigene offer as a subscription service based on an individual's DNA?
- Fitness tracking app
- Vitamins based on age
- Personalised vitamin supplements (correct)
- Music streaming service
How does adapting existing products, services, or ideas differ from original ideas?
How does adapting existing products, services, or ideas differ from original ideas?
What did Uber offer as a more convenient and cost-effective alternative to traditional taxi services?
What did Uber offer as a more convenient and cost-effective alternative to traditional taxi services?
What are some common factors that contribute to the emergence of new business ideas?
What are some common factors that contribute to the emergence of new business ideas?
What role does consumer demand play in the generation of new business ideas?
What role does consumer demand play in the generation of new business ideas?
How can changes in technology impact the emergence of new business opportunities?
How can changes in technology impact the emergence of new business opportunities?
What can happen to products and services that do not adapt to changes in technology or consumer demand?
What can happen to products and services that do not adapt to changes in technology or consumer demand?
Why is it essential for businesses to recognize and capitalize on new opportunities?
Why is it essential for businesses to recognize and capitalize on new opportunities?
