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Innovative vs. Imitative Business Models

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is a major characteristic of innovative business models?

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1. Which of the following is an advantage of promoting creativity in innovative business models?

2. How does lack of funding affect innovative businesses?

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About This Quiz & Worksheet

Take advantage of the quiz and worksheet to see how familiar you are with innovative and imitative business models. Characteristics of imitative companies and lack of funding affecting innovative businesses are topics you'll see when you take the quiz.

Quiz & Worksheet Goals

The goal of this assessment is to check your knowledge of:

  • A risk of imitative companies
  • Major characteristic of innovative business models
  • How the lack of funding affects innovative businesses
  • An advantage of promoting creativity in innovative business models

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on innovative and imitative business models
  • Information recall - access the knowledge you have gained about an important attribute of imitative companies
  • Interpreting information - verify that you can read information about how the lack of funding can affect innovative businesses and interpret it correctly

Additional Learning

Gain more knowledge by working through the lesson, Innovative vs. Imitative Business Models. You'll get to cover the following objectives:

  • Identify the benefits of innovative business models
  • Compare and contrast innovative and imitative business models
  • Review examples of an imitative business model
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