10 Questions
What is the importance of innovation according to the text?
It is key to the economic development of any company, region, or country.
What are breakthrough innovations according to the text?
Extremely unique innovations that establish the platform for future innovations in an area.
What do inventions and innovations serve as according to the text?
Building blocks of the future of any economic unit.
What happens to older products/services as technologies change according to the text?
They decrease in sales.
Why are breakthrough innovations usually protected according to the text?
They are often the basis for further innovation in an area.
What is the importance of breakthrough innovations?
They establish the platform for future innovations in an area
Why do older products/services decrease in sales as technologies change?
They become outdated and less competitive
What role do inventions and innovations play in the economic development of a company?
They serve as the building blocks for the future of the economic unit
Why are breakthrough innovations usually protected?
They are often the basis for further innovation in an area
What is the impact of technologies changing on old industries?
Old industries dwindle
Test your knowledge of creativity, innovation, opportunity assessment, product planning, and e-commerce in the business context with this quiz based on the CAMS 4001 Week 7 Lecture Notes. Assess your understanding of the importance of innovation and your ability to develop an opportunity assessment plan while discussing product planning and development aspects.
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