An Idea Turns into a Business Opportunity When

question 31

Multiple Choice

An idea turns into a business opportunity when:

• A)people like the product.
• B)it is a quality product.
• C)it can be made cheaply.
• D)it has commercial potential.

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Definitions:

Guaranteed

A promise or assurance that certain conditions will be fulfilled or met.

Skill-Based Pay Programs

Compensation strategies where employees are paid based on the skills, certifications, or knowledge they bring to their position, rather than solely on job title or tenure.

Topping Out Effect

Refers to a situation where growth or improvement reaches a maximum level and no significant advancement seems possible.

Profit-Sharing Programs

A company policy where a portion of the company's profits is distributed to its employees, often based on their performance or as an incentive.