Opportunity Is an Apparent Way of Generating Value Through Unique

question 20

True/False

Opportunity is an apparent way of generating value through unique, novel, or desirable products or services that have not been previously exploited.

---

Definitions:

Experimentation

The process of conducting trials to explore and evaluate new ideas, procedures, or products, often used in research and development.

Closed Systems Theory

An approach in organizational theory that views organizations as systems that are self-contained and do not interact with the outside environment.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or government.

City Governments

The administrative bodies that govern cities or towns, responsible for local policy making, public services, and regulatory enforcement within their jurisdictions.