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Describe the structure of an experiment and distinguish between laboratory and natural experiments.
Chasm
A significant gap or barrier that must be overcome, often used metaphorically in business and technology adoption contexts.
Technology Adoption Life Cycle
A model in sociology which explains how a new product or innovation is adopted or accepted, based on the demographic and psychological traits of specific groups of adopters.
Market Opportunity
The degree of customer or market demand for a specific product application.
Identifying Market Opportunity
Identifying market opportunity involves analyzing market trends, needs, and gaps to find untapped areas where a new product or service could be successfully introduced.
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