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Innovation and Entrepreneurial Thinking Quiz

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Innovation and Entrepreneurial Thinking Quiz

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Questions and Answers

What may lead to innovation as a result of customer pain points?

Unexpected trends in the marketplace

Demographic changes

Structural changes in the industry or market

Delays in the process or complexity of operations or delivery channels (correct)

Which factor can lead to innovation due to changes in demand for a product or service?

Process needs

Incongruity

Perception

Structural changes in the industry or market (correct)

What may lead to innovation as a result of demographic changes?

Process needs

More youthful and vibrant population or elderly and retirees (correct)

New knowledge

Incongruity

What may lead to innovation as a result of a certain perception about a product or service?

Thinking that a certain product or service is for the rich or wealthy Signup and view all the answers

What may lead to innovation as a result of sudden production or discovery of new technology?

Better ways Signup and view all the answers

What is a characteristic of process innovation?

Enhanced efficiency Signup and view all the answers

What is a potential outcome of process innovation?

Reduced environmental impact Signup and view all the answers

Which sector can benefit from process innovation?

Manufacturing Signup and view all the answers

What does process innovation aim to achieve?

Increased efficiency Signup and view all the answers

What is an example of process innovation?

Automation Signup and view all the answers