UNIVERSITY OF PERPETUAL HELP SYSTEM – LAGUNA National Hi-way, Sto. Niño, Biñan, Laguna College of Engineering, Architecture and Aviation Technopreneurship Quiz #2 Name: Ancheta, Carl Raymund A. Professor: Ms. Pamela Ambrocio Date: 02/18/2024 Section: E4M Identify the Following. Q1. is the ability to develop something original, particularly an idea or a representation of an idea. A1. Creativity Q2. is any new idea, process, or product, or a change to an existing product or process that adds value to that existing product or service. A2. Innovation Q3. will be based on previous ideas and products, but it is such a leap that it is not considered an addition to or a variant of an existing product but something unique. A3. Invention Q4. A4. Complexity is key to design thinking. Q5. is the purposeful process of opening up your mind to new trains of thought that branch out in all directions from a stated purpose or problem. A5. Ideation Q6. A6. Brainstorming is just one of dozens of methods for coming up with new ideas. Q7. sometimes called vertical thinking—involves a logical, step-by-step process. A7. Linear thinking Q8. A8. Lateral thinking will allow you to use your creativity to solve problems that arise. Q9. The products. A9. Product development process should be based on the metrics that customers use to judge Q10. is a problem that people have with a product or service that might be addressed by creating a modified version that solves the problem more efficiently. A10. Pain point Q11. Companies use analysis to create strategies to sustain their product's longevity or change it to meet market demand or adapt with/to developing technologies. A11. PLC Q12. During the stage, marketing and promotion are at a high, and the company often invests quite a bit of effort and capital in promoting the product and getting it into the hands of consumers. A12. Introduction Q13. During the stage, consumers start taking to the product and buying it. The product concept is proven as it becomes more popular, and sales increase. A13. Growth Q14.When a product reaches market. A14. Maturity , its sales tend to slow, signaling a largely saturated Q15.In the stage, product sales drop significantly, and consumer behavior changes, as there is less demand for the product. A15. Decline