
Innovation/invention, PEST, Entrepreneurship

Quiz
•
Business
•
11th Grade
•
Hard

Kasey Patikura
Used 5+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The creation of a product for the first time is called
innovation
entrepreneurship
invention
seed stage
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are motives or opportunities to find new business ideas can come from a number of areas.... select all below that are possible motives.
Changes in fashion or tastes
The desire to solve a problem
The need to innovate
Meet the needs of a target market
The ever increasing change in technology
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In regards to a PEST analysis where would the following statement fit?
How will business regulation, along with any planned changes to it, affect the new business idea?
Political
Economic
Socio-cultural
Technological
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In regards to a PEST analysis where would the following statement fit?
Could infrastructure changes and work patterns - for example, levels of remote working - affect the new business idea?
Political
Economic
Socio-cultural
Technological
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In regards to a PEST analysis where would the following statement fit?
Are the target market's levels of disposable income rising or falling? How is this likely to change in the next few years?
Political
Economic
Socio-Cultural
Technological
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TRUE of FALSE
Entrepreneurship is the process of creating a business idea that doesn't involve risk.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a skill or characteristic of entrepreneurs? (as identified in the textbook)
Boldness
Creativity
Communication
Perseverance
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