Discovery Theory and Creation Theory Help Explain How Entrepreneurial Opportunities

question 21

True/False

Discovery theory and creation theory help explain how entrepreneurial opportunities happen.

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Definitions:

Industry

A sector of the economy that produces a specific type of goods or services, characterized by shared challenges, opportunities, and regulations.

Economic Activity

Represents the actions that involve the production, distribution, and consumption of goods and services within an economy.

Organizational Levels

The hierarchy within a company that structures the allocation of responsibility, from top management to lower-level employees.

Board of Directors

A group of individuals elected to represent shareholders, making key decisions and overseeing the general direction of a company or organization.