How can we take advantage of current market changes to our benefit?
Market Innovation Strategies Quiz

Quiz
•
Business
•
University
•
Medium
Mariam Elsaid
Used 3+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Focus on sustainable products
Ignore the trends
Increase prices without changing products
Reduce investments in innovation
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What gaps exist in competitors' services or products that we can fill?
Offer lower prices than competitors
Add unique features competitors lack
Ignore the competition
Copy competitors’ products
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Are there new markets we can enter based on our current resources?
Enter new geographic regions
Continue with existing markets
Shift focus away from business growth
Enter unrelated industries
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
How can we use technological innovation to improve our processes or products?
Implement AI for customer support
Avoid adopting new technologies
Decrease technology budgets
Outsource all technology needs
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What potential partnerships can strengthen our market position?
Partner with companies offering complementary products
Avoid partnerships and operate alone
Collaborate only with direct competitors
Stay away from partnerships altogether
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
How can we improve customer experience in a way that sets us apart from competitors?
Provide personalized customer service
Offer the same service as competitors
Ignore customer feedback
Offer standardized service for everyone
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What organizational or legal challenges do we face, and how can we leverage them?
Use compliance to build trust with customers
Ignore legal challenges
Delay compliance with regulations
Avoid addressing legal challenges
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