Match the Term with Its Definition

question 113

Multiple Choice

Match the term with its definition.
-The environment that includes factors that directly impact a given firm and all of its competitors

• A)focus strategies
• B)general environment
• C)industry environment
• D)intangible resources
• E)new benefit ideas
• F)new market ideas
• G)new technology ideas
• H)opportunity recognition

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Definitions:

Purchase Conditions

The terms and requirements under which a sale is made, including price, delivery, and payment terms.

Prototype

An early sample, model, or release of a product built to test a concept or process, serving as a proof of concept before mass production or further development.

Idea Generation

The creative process of generating, developing, and curating new ideas, often the initial step in the development of new products or solutions.

Development

Refers to the process of growth, progress, or evolution, often in the context of economic, social, or technological advancements.