Introduction to Innovation and Entrepreneurship

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10 Questions

Innovation is primarily focused on creating new products only.

False

Toyota's innovation is solely limited to developing new vehicle models.

False

Entrepreneurship plays a minor role in economic growth.

False

Canada does not provide any support for entrepreneurship.

False

Innovation is synonymous with stagnation.

False

Toyota creating the Lexus brand is an example of a Position Innovation.

True

Entrepreneurship is solely about thinking about owning a business.

False

Access to capital is not a significant barrier for entrepreneurs according to the Global Entrepreneurship Research Monitor.

False

Innovation and Entrepreneurship are not linked to value creation and job creation according to the OECD.

False

Creative Destruction involves the idea that new products/services will not displace or destroy old ones.

False

Explore the main elements of the course - Innovation and Entrepreneurship, focusing on how innovation is crucial for firm survival and economic growth. Gain insight into the innovation process and how Canada and Centennial College support entrepreneurship.

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