L1: What is innovation

Question 1

Which of the following might be a radical innovation? (Several choices may be correct)

Accepted Answer

The photocopier, The electric light bulb, The laser

Question 2

Which of these would NOT normally be considered an incremental innovation?

Accepted Answer

An electric car

Question 3

Innov. can only happen in firms because the public sector is not concerned with making profits

Accepted Answer

False

Question 4

Most innovations succeed.

Accepted Answer

False

Question 5

Innovation is too difficult to manage

Accepted Answer

False

Question 6

Innovation is driven by entrepreneurship

Accepted Answer

True

Question 7

Who can create innovations? (Several choices may be correct)

Accepted Answer

Firms, Public Sector, Other organisations, Third Sector

Question 8

Not all innovations have to be commercial.

Accepted Answer

True

Question 9

Innovation is always about technology.

Accepted Answer

No

Question 10

Innovation matters to only firms

Accepted Answer

False

Questions 10