Explain the 'Markets' in Which a Business Entity Operates

question 72

Essay

Explain the 'markets' in which a business entity operates.

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Definitions:

Summative Evaluation

An assessment conducted after the completion of a program or intervention to determine its overall efficacy or impact.

Process Evaluation

An assessment that focuses on the implementation process of a program or intervention, examining its fidelity and quality.

Impact Evaluation

Assessing the changes that can be attributed to a particular intervention, project, or program, focusing on outcomes that are the direct result of the intervention.

Formative Evaluation

An evaluative process used during the development of a new program or product to improve its design based on feedback.