Introduction to Innovation and Entrepreneurship
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Questions and Answers

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.

<p>False</p> Signup and view all the answers

Innovation is synonymous with stagnation.

<p>False</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

Entrepreneurship is solely about thinking about owning a business.

<p>False</p> Signup and view all the answers

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

<p>False</p> Signup and view all the answers

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

<p>False</p> Signup and view all the answers

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

<p>False</p> Signup and view all the answers

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