WorksheetsLearning Objectives and Frugal Innovation Recap
Total questions: 11
Worksheet time: 6mins
Which topic is about finding chances to make new things for a business?
Innovation opportunities for business creation
Digital transformation as a driver of innovation
Customer‑centric approach
Market gap analysis
What are innovative growth strategies mainly used for in business?
Having fun at work
Helping a company grow and stay competitive
Only making ads
Stopping all changes
Which is one of the three main types of innovative growth strategies?
Market Expansion
Holiday Planning
Price Guessing
Office Decorating
Which choice shows Market Penetration?
Selling more to current customers with promotions
Entering a brand-new market in another country
Making a totally new product
Buying another company
A toy company adds new colors to its popular car to match different customer likes. Which strategy is this?
Line Extension
Merger
Diversification
Market Development
Which choice shows why finding new ideas for businesses is helpful?
It helps the economy grow and creates new markets.
It makes people stop shopping.
It removes all competition.
It ends customer needs.
Which one is an internal source of innovation?
Customers
Employees
Competitors
Market trends
What does market gap analysis help find?
Underserved customer needs
New colors for products
Holiday dates
Store locations only
Which method talks to many people together to learn their ideas?
Focus Groups
In-Depth Interviews
Ethnographic Research
Prototyping
What problem did Uber try to fix?
Making cars fly
Helping people find rides more easily
Selling snacks
Building houses
Which idea means using digital tools in a business to change how it works and gives value?
Digital transformation
Old paper records
Taking a lunch break
