________ Is a Value Required When an Opportunity Is Attractive

question 4

Multiple Choice

________ is a value required when an opportunity is attractive long enough for it to be successfully developed and deployed.

• A) Value creating
• B) Durable
• C) Achievable
• D) Affordable

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Definitions:

Normal Good

A type of good for which demand increases as the income of the consumer increases, reflecting a direct relationship between income and demand.

Inferior Good

A type of good whose demand decreases as the consumer's income increases, opposite to normal goods.

Complementary Good

A product or service that enhances the use or value of another product or service when used together.

Substitute

A good whose demand increases when the price of another good increases. For example, two brands of cola soft drinks are substitutes.