________ Activities Are Intended to Identify New Ideas That Have

question 14

Multiple Choice

________ activities are intended to identify new ideas that have the potential to result in new goods and services.

• A) Capital-intensive
• B) Regulatory
• C) Research and development
• D) Demographic
• E) Economic

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Definitions:

Competitive Strategy

A planned method of positioning a company in the market and gaining an edge over competitors, often by analyzing strengths, weaknesses, opportunities, and threats.

Customer Needs

The desires or requirements of buyers that drive their purchase decisions, including product features, price, quality, and convenience.

Inventory

The stock of any item or resource used in an organization, including raw materials, components, and finished products.

Uncertainty

A situation in which the outcomes or conditions are unknown or unpredictable.