Welcome to your Grade 10 Economics chapter 8
After carefully reading the following 30 questions, choose the correct answer.
1.
How is "Innovation" defined in the context of business?
2.
What is the main difference between an "Invention" and an "Innovation"?
3.
Which type of innovation involves significant changes in the techniques, equipment, or software?
4.
A "Business Startup" is generally characterized as:
5.
What does the "S" stand for in a SWOT analysis?
6.
In a SWOT analysis, "Opportunities" and "Threats" are considered:
7.
Which business organization is owned and operated by a single person?
8.
What is a major disadvantage of a Sole Proprietorship?
9.
A "Partnership" business organization is characterized by:
10.
What is "Limited Liability" in the context of a Corporation?
11.
Which of the following is an example of an "Internal" factor in SWOT analysis?
12.
What is the purpose of a "Business Feasibility Analysis"?
13.
Which type of innovation involves changes in product design or packaging?
14.
In a SWOT analysis, a "Threat" could be:
15.
A business where owners are called "Shareholders" is a:
16.
What does "Organizational Innovation" refer to?
17.
Why is "Market Feasibility" important for a startup?
18.
In a SWOT analysis, "Weaknesses" refer to:
19.
Which of the following is an external opportunity for a business?
20.
A "Cooperative" is a business organization owned by:
21.
What is the primary focus of "Product Innovation"?
22.
"Financial Feasibility" in a business plan evaluates:
23.
Which is an advantage of a Corporation?
24.
In SWOT, "Threats" are:
25.
What is the main goal of "Marketing Innovation"?
26.
"Technical Feasibility" checks whether:
27.
Which of the following is a "Strength" in SWOT analysis?
28.
In a Partnership, "General Partners" have:
29.
Innovation is critical for business because it:
30.
A "Limited Liability Company" (LLC) combines features of:
