A Common Way That Gaps in the Marketplace Are Recognized

question 48

Multiple Choice

A common way that gaps in the marketplace are recognized is ________.

• A) by observing changing environmental trends
• B) by recognizing problems that need to be solved
• C) via studying industry reports
• D) when people become frustrated because they can't find a product or service that they need and recognize that other people feel the same way
• E) via combined focus groups and brainstorming sessions

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Definitions:

Liability

The legal responsibility for one's acts or omissions, potentially resulting in the requirement to make restitution to affected parties.

Temptation

A desire to engage in short-term urges for enjoyment or fulfillment at the expense of potentially negative long-term effects.

Quit

To leave or discontinue participation in an activity, job, or the use of a service or software.

Human Rights Law

A body of international and domestic laws designed to promote and protect human rights and freedoms.