Business Ideas (Leaving Cert Business): Quizzes

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Business Ideas
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What is idea development?

An innovative approach to refining ideas

What acronym helps remember the five-stage idea development process?

I-I-I-I-E

During inspiration, what should entrepreneurs focus on?

Creativity and possibility over limits

Which stage is often the longest phase of idea development?

Incubation

Which stage is considered the most exciting in idea development?

Illumination

What does SWOT stand for in SWOT analysis?

Strengths, Weaknesses, Opportunities, Threats

In SWOT analysis, which factors are internal and controllable?

Strengths and Weaknesses

Why is online presence critical for modern businesses?

Customers research products online first

What is often a major barrier to business idea development?

Lack of funding

Which tool is particularly valuable during the screening phase of incubation?

SWOT analysis

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