The Advantages And Disadvantages Of Innovation And ‘R & D’
8 Questions
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Learn more about advantages and disadvantages of innovation by taking this interesting quiz!
Questions and Answers
- 1.Can you distinguish between an invention and an innovation?
- 2.Innovation could be described as a new invention, a discovery or a change in a process.
- A.
True
- B.
False
- 3.Which business in 1997 became innovative by introducing a new competitive advantage of being environmentally friendly?
- A.
BP Oil
- B.
Toyota
- C.
McDonald's
- D.
Muller
- 4.Which of these are technology innovations of 2010?
- A.
Parrot AR Drone Flying Video Game
- B.
150" plasma HDTV
- C.
Digital photo frames
- D.
Freeview HD recorder
- 5.Which of these are benefits to a business when buying new technology?
- A.
Higher efficiency
- B.
Low initial costs
- C.
Increased output
- D.
Less human error
- E.
Higher maintenance and repair costs
- 6.New innovations can be destructive as well as beneficial to business
- A.
True
- B.
False
- 7.Guess what range of innovation projects were judged to have made little, if any, contribution to achieving the objectives of a business
- A.
50-90%
- B.
0-5%
- C.
95-99%
- D.
10-20%
- 8.The R & D department is nowadays of no importance in business because the amount of competition, production processes and methods are on the decline.
- A.
True
- B.
False
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