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Tom, Susie, and Bill Are Tired of Working for a Large

question 83

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Tom, Susie, and Bill are tired of working for a large company. They want to start their own business. They decide to meet in Tom's garage for as long as it takes to determine a societal problem that needs to be fixed. Once they figure out this problem they want to figure out a product or service that will solve this problem. According to the innovative process described in your text, this scenario describes which stage in the innovation process?


Definitions:

Conservative

A political and social ideology favoring the preservation of traditional institutions and values, along with cautiousness toward change and innovation.

Demographic Changes

Shifts in the composition of a population over time, including factors like age, race, and gender distributions.

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime, given current birth rates at each age.

African American

A term used to describe Americans of African ancestry, particularly those whose ancestors were enslaved and brought to the United States.

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