Quiz: Innovation as a Driver of Market Growth
Edexcel Level 3 Advanced GCE in Business (9BS0)
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Building on what you've learned about dynamic markets and online retailing, let's test your understanding of how innovation drives market growth!
What is innovation in the context of business?
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Which of the following are examples of innovation driving market growth? (Select all that apply)
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Innovation often leads to {{blank0}} markets, which are characterised by {{blank1}} competition.
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
Which of the following is an example of process innovation?
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Which factors encourage businesses to innovate? (Select all that apply)
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Innovation can lead to {{blank0}} growth by creating new markets or improving {{blank1}} processes.
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What is one risk of innovation?
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