An Idea Is a Thought, Impression, or Notion

question 66

True/False

An idea is a thought, impression, or notion. It may or may not meet the criteria of an opportunity.

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Definitions:

National Security

Measures and strategies implemented by a government to protect its country's citizens, economy, and institutions from threats.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity.

Offshoring

The relocation of a business process or operation from one country to another, typically to leverage lower labor costs.

Specialization

The process by which individuals, businesses, or countries focus on producing a limited range of goods or services to gain greater efficiency and productivity.