The Seven Stages an Organization Goes Through to Identify Business

question 12

Multiple Choice

The seven stages an organization goes through to identify business opportunities and convert them into salable products or services is referred to as the __________.

• A)commercialization process
• B)SWOT process
• C)new-product process
• D)business prospect development cycle
• E)opportunity stage gate sequence

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Definitions:

Social Phenomena

Behaviors, patterns, or events that influence or are influenced by individuals within a society.

Cognitive Dissonance

A mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Rationalize

The act of justifying behaviors or decisions with logical reasons, often after the fact, to make an action or belief appear more acceptable.

Mere Exposure Effect

A mental effect in which individuals grow more affectionate or preferential towards elements simply due to their familiarity.