What Is the First Step in Creating and Identifying Opportunities

question 85

Multiple Choice

What is the first step in creating and identifying opportunities?

• A)market analysis
• B)cost-benefit analysis
• C)idea generation
• D)product testing

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Definitions:

Salaries

Regular payments made by an employer to an employee, usually on a monthly or biweekly basis, in exchange for work performed.

Administration Expenses

Expenses related to the general operation of a business that are not directly tied to the production or sale of goods or services, such as office supplies and salaries of administrative personnel.

Square Footage

A measurement of area used to determine the size of a space, often utilized in real estate to measure the size of buildings or rooms.

Setup Costs

Expenses incurred to prepare equipment or processes for manufacturing or service provision, often categorized as part of overhead.