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IUKL-Chapter 4 Flashcards | StudBud
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IUKL-Chapter 4
IUKL-Chapter 4
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Venture Planning
Flashcards
13 cards
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Questions
13
Answers
1
Which of the following is the FIRST step in creative process?
Incubation process
Accumulation of knowledge or background.
Idea experience
Evaluation and implementation.
2
Eureka factors shows that someone _________
Discover new resources
Discover new business opportunity
Discover new product or service
Discover new idea
3
______is a process where entrepreneurs convert business opportunities into marketable idea.
Innovation
Entrepreneurship
Creativity
Marketing
4
Efficient and effective are related to __________.
creativity
invention
research and development
innovation
5
The activities often performed at __________ phase in the creative process.
idea experience.
incubation.
evaluation and implementation.
knowledge accumulation
6
Allow subconscious mind to mull information related to __________
Accumulation of knowledge or background.
Idea experience.
Evaluation and implementation.
Incubation process.
7
figure related to the innovation that exemplifies __________
synthesis
duplication
invention
extension
8
Price of input and ________ is the elements to select supplier
Capability
Opportunity
Consistency
Availability
9
Figure related to the innovation of __________
duplication
invention
synthesis
extension
10
TWO elements of creativity includes _________
process, human resource.
process, input
process, output
process, enhancement
11
The activity performed at _________phase in the creative process
knowledge accumulation.
idea experience.
incubation.
evaluation and implementation.
12
Which statements refers to invention?
Creation of a new product, service or process
Combination of existing concepts and factors
Expansion of existing product, service or process.
Replication of an existing product, service and process.
13
Which is NOT TRUE about duplication?
Replication of an existing product, service and process.
combination of existing concepts and factors
Not simply copying but adding the creative touch
Existing product becomes the reference
