Santiago Created a ______ When He Wrote Down the Vision

question 41

Multiple Choice

Santiago created a ______ when he wrote down the vision for his product including the features of the product and target market.

• A)cash flow statement
• B)feasibility statement
• C)concept statement
• D)market statement

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Definitions:

Memory Cards

Portable electronic storage devices used to store digital information, such as data for cameras, smartphones, and other gadgets.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Inferior Good

A type of good whose demand decreases as the income of consumers increases, inverse to the typical demand pattern.

Complementary Goods

Products or services that are used together, where an increase in demand for one leads to an increase in demand for the other.