_____ Refers to the Way Entrepreneurs Identify New Products or Services

question 66

Multiple Choice

_____ refers to the way entrepreneurs identify new products or services that may lead to promising businesses.

• A)Focus-based decisions
• B)Elasticity
• C)Opportunity recognition
• D)Cost-benefit analysis

---

Definitions:

Galen

An ancient Greek physician and philosopher whose theories on anatomy, physiology, and medicine influenced the development of medical science for centuries.

Person-Situation Debate

A theoretical discourse in psychology about whether human behavior is more influenced by personal traits or situational factors.

Personality Psychology

A branch of psychology focused on studying individual differences in people's thoughts, feelings, and behaviors, and how these are organized into unique personality patterns.

Hub Topic

A central or core subject around which discussions, ideas, or activities are concentrated in an academic, professional, or social context.