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Yr 11 Business 2

Authored by Ethan Shields

Business

11th Grade

Used 6+ times

Yr 11 Business 2
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8 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term 'business opportunity' mean?

You made it up

The feasibility of an entrepreneur persuing a business idea

The opportunity a business has

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Select which options are potential challenges for a seed stage business

Atrracting customers

All of these are challenges for seed stage businesess

Legal issues

Resources and funding

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these defines incremental innovation theory

Innovation that occurs over time in small improvements

Reassembling the components of a product to introduce to a new market

Occurs when a smaller business with fewer resources successfully challenges an established business

Involves harnessing new technology and a new business model

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these defines architectural innovation theory

Innovation that occurs over time in small improvements

Reassembling the components of a product to introduce to a new market

Occurs when a smaller business with fewer resources successfully challenges an established business

Involves harnessing new technology and a new business model

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these defines disruptive innovation theory

Innovation that occurs over time in small improvements

Reassembling the components of a product to introduce to a new market

Occurs when a smaller business with fewer resources successfully challenges an established business

Involves harnessing new technology and a new business model

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these defines radical innovation theory

Innovation that occurs over time in small improvements

Reassembling the components of a product to introduce to a new market

Occurs when a smaller business with fewer resources successfully challenges an established business

Involves harnessing new technology and a new business model

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these could a business use to complete a competitor analysis?

SWOT analysis

PEST analysis

Cost-benefit analysis

Break-even analysis

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