NCEA Level 3 Business Studies Practice Questions - New Zealand NCEA Level 3 Business Studies Exam

Radical innovation creates entirely new markets or business models, whereas incremental innovation involves minor upgrades to existing products Radical innovation occurs only in marketing departments, while incremental innovation is confined to R&D laboratories Radical innovation involves zero financial risk, whereas incremental innovation carries immense financial uncertainty Radical innovation applies only to non-profit entities, while incremental innovation is exclusive to commercial exporters