Collective Nouns

question 20

Multiple Choice

Collective nouns

• A) refer most commonly to a group of people, animals, or things.
• B) refer to one person or thing.
• C) refer to either a group or to one person or thing.
• D) all of the above

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Definitions:

Technology Adoption Life Cycle

A model in sociology which explains how a new product or innovation is adopted or accepted, based on the demographic and psychological traits of specific groups of adopters.

Market Opportunity

The degree of customer or market demand for a specific product application.

Identifying Market Opportunity

Identifying market opportunity involves analyzing market trends, needs, and gaps to find untapped areas where a new product or service could be successfully introduced.

Market Opportunity

The potential for a company to increase sales and achieve a sustainable competitive advantage by identifying and serving new markets or segments.