__________ Exist(s) When There Is a Need in the Market

question 101

Multiple Choice

__________ exist(s) when there is a need in the market that can be satisfied by new goods or services.

• A) Potentiality
• B) Market readiness
• C) Entrepreneurial opportunities
• D) Critical core competencies

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Definitions:

Markov Analysis

Forecast of a firm’s future human resource supplies, using transitional probability matrices reflecting historical or expected movements of employees across jobs.

What If

Refers to a method of questioning or analysis used to explore possibilities, predict outcomes, or understand scenarios hypothetically.

Possible Future Scenarios

Hypothetical situations or outcomes that may occur in the future, used for planning and strategizing.

Expert Forecasting

The technique of making predictions about future events or trends based on the knowledge and expertise of specialists in a particular field.