Understand business innovation and growth
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A model of innovations should be:
Adding value
Technical
Competitive
Simple to use
Which one of the following is not a source for support and guidance for business innovation
Her Majesty’s Revenue and Customs
Scottish Enterprise
The Small Businesses Research Initiative
Local Chamber of Commerce
New ideas for innovation can be generated by:
Logistics
Market research
Production costs
Advertising
Which one of the following is a benefit of innovation?
Resistance to change
Development of new markets
More competition
Increased training needs
A risk associated with innovation is:
Staffing requirements
Customer perception
Loss of customers
Brand recognition
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