One of the Greatest Effects of E- Commerce Is That

question 77

Multiple Choice

One of the greatest effects of e- commerce is that

• A)computers will be less important.
• B)costs will be reduced.
• C)customers will be empowered.
• D)employees become more powerful.

Define and distinguish between idea generation, creativity, and opportunity recognition in the entrepreneurial process.

Recognize the importance of cognitive and analytical strategies in idea generation and opportunity recognition.

Understand the role of pattern recognition, alertness, and prior knowledge in identifying entrepreneurial opportunities.

Appreciate the impact of cognitive styles on successful entrepreneurship and how they influence opportunity recognition.

---

Definitions:

Significance Testing

A statistical procedure used to determine whether the observed outcomes of a study are due to chance or if they have statistical significance, often through p-values.

Empirical Method

A way of gaining knowledge by means of direct and indirect observation or experience, forming the basis for scientific inquiry.

Test Construction

The process of designing, creating, and evaluating tests or assessments to measure specific variables or outcomes.

Depression

A mental health disorder marked by persistent feelings of sadness, low mood, and a lack of interest in activities, affecting one's daily life.