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Q4 - TLE Pre Test 3

Quiz by Jeremiah Elizalde Cena

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10 questions
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  • Q1
    Innovation is the process of incorporating new creative ideas on a product to improve its quality, durability and competitive advantage for the satisfaction of customers
  • Q2
    Innovation is the key to keep the business going
  • Q3
    Philippines is the second largest world producer of handicrafts, mainly baskets made from indigenous materials. It has also maintained the respect of the high-end markets in the United States, European Union, and Japan.
  • Q4
    Consumers tend to get uninterested in buying products without innovations.
  • Q5
    Sustainable entrepreneurship is defined as the understanding of innovations geared towards a larger market and being able to provide benefit to the society.
  • Q6
    Innovation is achieved through stagnation and dullness.
  • Q7
    It is acceptable for the entrepreneurs to not have a deep knowledge about their own product as well as their competitor’s products to be able to come up with unique ideas to improve and be different.
  • Q8
    It is not essential to know the strengths and weaknesses of your product.
  • Q9
    The marketability of a certain product last only for a specific period of time.
  • Q10
    To avoid loss of marketability of a product, you can apply some strategies and methods in enhancing and decorating your products.

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