Innovation in Business: Importance, Types & Examples


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question 1 of 3

The model which streamlines workflows, and eliminates waste, to keep costs low while maintaining quality is known as:

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1. Innovation can be:

2. The following is an example of an incremental innovation:

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About This Quiz & Worksheet

Improve your knowledge of the innovation process through questions on the types, qualities and effects of innovation.

Quiz & Worksheet Goals

The practice questions will address:

  • How innovation varies according to its type
  • Understanding what innovation is and is not
  • The types of effects innovation can create
  • An example of a type of specific type of innovation

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related innovation in business lesson
  • Making connections - use understanding of the concept different types of innovation to identify them
  • Distinguishing differences - compare and contrast topics from the lesson, such as types of innovation

Additional Learning

Further your review through examination of the lesson called Innovation in Business: Importance, Types & Examples. Through this lesson, you can explore these objectives

  • Define innovation
  • Identify how it occurs
  • Name a few important figures and their contributions to understanding innovation