Rhonda Spotted, Created, and Exploited A(n)________ for Ride-Sharing Services for Disabled

question 71

Multiple Choice

Rhonda spotted, created, and exploited a(n) ________ for ride-sharing services for disabled customers that big companies had ________ and, in so doing, she captured the market with her simpler, cheaper, more accessible, and more convenient services.

• A)business incubator; exploited and monopolized
• B)opportunity; missed or avoided
• C)intrapreneurship; missed or avoided
• D)opportunity; minimized and rejected
• E)intrapreneurship; tried but failed at

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Definitions:

Expected Utility Function

A concept in economics that calculates the anticipated utility or satisfaction a consumer can derive from various options, considering the probabilities of different outcomes.

Sure Payment

A guaranteed financial transaction where the payer is certain to provide the agreed-upon sum to the payee.

Lottery

A form of gambling that involves the drawing of numbers at random for a prize, often analyzed for its economic impact and decision-making under uncertainty.

Probability

A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).