Jeannine Fradelizio Noticed That at Parties She Hosted,guests Would Set

question 7

Multiple Choice

Jeannine Fradelizio noticed that at parties she hosted,guests would set down their wine glasses and forget which one was their glass.She designed the Wine Glass Writer to solve this problem.She used the process of

• A) differentiation.
• B) entrepreneurial resources.
• C) opportunity recognition.
• D) focus strategy.

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Definitions:

Time Value of Money

The principle that a dollar received today is worth more than a dollar received in the future, due to its potential earning capacity.

Hurdle Rate

The minimum acceptable rate of return on an investment that a manager or investor expects to achieve.

Time Value of Money

The idea that having money in the present is more valuable than having the same sum in the future because of what it could potentially earn.