EEL405 - Ideation - Quiz 1

What is the first phase of starting a business?

• Idea

• Product

• Concept

• None of the above

Write down 2 sources of idea.

What is Brainstorming?

• Thinking of something better

• Group discussion to produce ideas or solve problems

• a method of generating ideas and sharing knowledge to solve a particular commercial or technical problem

• All of the above

You went through a market and you saw a unique ice-cream. And you felt like you can also open up a similar business in your area. What is the source of your idea?

• Brainstorming

• Adding value to new product

• Scanning environment

• None of the above

There is a new mobile phone in market. You said that you can add some more features to this product and you can make it even better. What is the source of your idea?

• Inventing new product

• Adding value to existing product

• Look within your self

• None of the above.

You qualified MBA. You feel like you have all the skills ready to start a finance company. Based on this, you decided to start a business. What is the source of your idea?

• Look within yourself

• Add value to existing product.

• Invent a new product.

• None of the above.