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Explain the difference between a point estimate and an interval estimate. Give an example of each. Describe when a point estimate should be calculated versus an interval estimate.
Opportunity Recognition
The process of identifying and seizing new business prospects or innovative product ideas.
Entrepreneurial Process
The series of steps or phases involved in recognizing an opportunity, creating a business, and cultivating it to achieve growth and success.
Development Expenditures
Costs incurred in the process of creating new products, services, or processes, including research and development investments.
Fast-growth Firms
Fast-growth Firms are businesses characterized by their rapid expansion in terms of revenue, user base, or market share, often driven by scalable business models and innovative products or services.
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