Entrepreneurs Create Opportunity First from Unmet Needs or Unsolved Problems

question 26

True/False

Entrepreneurs create opportunity first from unmet needs or unsolved problems in the market and only then do they gather the resources to exploit that opportunity.

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Definitions:

Time-Driven

A term related to activity-based costing that assigns costs based on the amount of time required to complete a task.

Resolving Queries

The process of addressing and clarifying doubts or questions that arise in any context, ensuring understanding or resolving issues.

Time-Driven

Pertaining to operations or processes that are initiated, executed, or measured based on time.

Activity-Based Costing

A method in accounting that assigns costs to products or services based on the activities and resources that go into producing them, aiming for more accurate costing.