Match: A.opportunity Recognition

question 7

Essay

Match:
a.opportunity recognition
b.outside-in analysis
c.pivot
d.resources
e.serendipity
f.startups
g.strategy
h.SWOT analysis
i.tangible resources
j.​paradox of attraction
-Identification of potential new products or services that may lead to promising businesses

Explain the balance of payments and its components.

Describe the impact of changes in exchange rates on imports and exports.

Identify the factors influencing demand and supply in the foreign exchange market.

Analyze the effects of exchange rate fluctuations on a nation's economy.

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Definitions:

Work in Process

Inventory category that includes goods partially through the production process, not yet ready for sale.

Finished Goods

Products that have completed the manufacturing process and are ready for sale to customers.

Manufacturing Overhead

This includes all indirect manufacturing costs that cannot be directly attributed to specific units produced, such as utilities or salaries for factory supervisors.

Work In Process

A phase in manufacturing where items are partially completed but not yet ready for sale.