Roland Has Developed and Patented an Inexpensive and Organic Way

question 37

Multiple Choice

Roland has developed and patented an inexpensive and organic way to enhance the fertility of clay soils without the addition of chemical fertilizers. But established agricultural chemical companies have rejected his proposals. After six months of promoting his invention during his time off from his regular job, Roland has decided to set his dream aside. Roland lacks a key characteristic of successful entrepreneurs, which is

• A) the ability to identify opportunities.
• B) a corporate sponsor.
• C) financial slack.
• D) passion for his invention.

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Definitions:

Pictorial Format

A method of presenting information through images or visual representations instead of text.

Graphical Format

Data or information presented in a visual or graphic form, such as diagrams, charts, or maps, to facilitate understanding.

Data Collection

The systematic gathering of information from various sources for analysis.

Customer Behaviors

Study of the buying patterns and decision-making processes of consumers.