The Seven Stages an Organization Goes Through to Identify Business

question 236

Multiple Choice

The seven stages an organization goes through to identify business opportunities and convert them into salable products or services is referred to as the

• A) commercialization process.
• B) SWOT process.
• C) business prospect development cycle.
• D) opportunity Stage-Gate®sequence.
• E) new-product development process.

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Definitions:

Percentage Change

The extent of difference, expressed as a percentage, that represents how much a value has increased or decreased from its original amount.

Agricultural Output

The total quantity of agricultural products, such as crops and livestock, produced in a given period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.

Perfectly Price-inelastic

A situation where the quantity demanded of a good does not change regardless of changes in its price.