Understand business innovation and growth
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Question 1 of 5
A model of innovations should be:
Competitive
Simple to use
Technical
Adding value
Which one of the following is not a source for support and guidance for business innovation
Her Majesty’s Revenue and Customs
Local Chamber of Commerce
The Small Businesses Research Initiative
Scottish Enterprise
New ideas for innovation can be generated by:
Advertising
Production costs
Logistics
Market research
Which one of the following is a benefit of innovation?
Increased training needs
Development of new markets
More competition
Resistance to change
A risk associated with innovation is:
Brand recognition
Loss of customers
Customer perception
Staffing requirements
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