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Worksheets3.02 MBA Innovations
Total questions: 10
Worksheet time: 10mins
If a company develops a new product, method, strategy, or process, it is known as a(n)
innovation
creative output
Anri is known at work for being able to generate unique ideas, approaches, and solutions to her business’s problems. Anri possesses
flexibility
creativity
Which of the following is a category of innovation:
Product
Physical
Asia’s company comes up with a new method to manufacture its product that saves time, money, and effort. This is known as __________ innovation.
process
positioning
A company decides to start marketing its health food bar as a candy bar. Which type of innovation is taking place?
paradigm
positioning
Which type of innovation relies on a significant change in thinking?
Psychological
Paradigm
Which of the following is a reason why innovation is important:
Innovation helps the economy.
Innovation ensures a business will succeed.
Bernard’s business is more successful than his competitors’ because he is innovative, which gives him a
competitive advantage.
competitive destruction.
A 12-screen movie theater recently opened in your neighborhood. Just a couple of months after it opened for business, the old single-screen drive-in movie theater nearby went out of business. This is an example of
creative destruction.
creative advantage.
Which of the following is a common risk of innovation:
Economic downturn
Loss of jobs
