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