A(n) __________ Recognizes a Viable Idea for a New Product

question 127

Short Answer

A(n) __________ recognizes a viable idea for a new product or service and carries it out by finding and assembling the necessary resources to start the business.

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Definitions:

Bad-Debt Losses

Financial losses incurred when borrowers fail to repay their loans.

Accounts Receivable

Funds due from customers to a firm for delivered goods or services that remain unpaid.

Carrying Costs

Expenses incurred by a company for holding inventory over a period of time.

Ordering Costs

The expenses associated with placing and receiving orders for inventory, including costs related to processing, shipping, and handling.