Quiz 1

Quiz 1

Professional Development

15 Qs

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Quiz 1

Quiz 1

Assessment

Quiz

Business

Professional Development

Easy

Created by

NOR HASHIM

Used 1+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the definition of innovation?

Creating new ideas and improving existing ones

Copying competitors' products

Changing the company structure

None of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following BEST describes disruptive innovation?

Innovation that enhances existing products for the same customer base

Innovation that creates new markets and disrupts existing ones

Innovation that follows traditional business models

Innovation that avoids competition

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main goal of open innovation?

To keep all innovation processes strictly within the company

To collaborate with external partners to enhance innovation

To reduce costs by outsourcing innovation

To stop competitors from innovating

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What group is the LAST to adopt an innovation for Diffusion of Innovation Theory?

Early adopters

Innovators

Late majority

Laggards

Minority

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the focus of blue ocean strategy?

Competing in saturated markets

Avoiding competition by creating new markets

Lowering prices to beat competitors

Copying competitors' successful strategies

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is innovation IMPORTANT for businesses?

It ensures companies can maintain a competitive advantage

It eliminates the need for marketing

It allows companies to avoid customer feedback

It slows down business growth

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An example of disruptive innovation:

A new flavor of soft drink

A cheaper version of a laptop

The creation of streaming services that disrupted traditional cable TV

Increasing the battery life of an existing smartphone

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