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
The Small Businesses Research Initiative
Her Majesty’s Revenue and Customs
Local Chamber of Commerce
Scottish Enterprise
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:
Brand recognition
Staffing requirements
Loss of customers
Customer perception
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