How Does a Realistic Market Potential Estimate Affect Small Business

question 114

Multiple Choice

How does a realistic market potential estimate affect small business success?

• A) It allows small business owners to know how to modify a product for consumers.
• B) It allows small business owners to have a clear picture of their target segments.
• C) It allows for better use of social media based marketing efforts.
• D) It increases the ability to be flexible in pricing strategy.
• E) It provides a more accurate understanding of fixed and variable costs.

Understand the key attributes that are positively associated with creativity.

Recognize the role and impact of social networks on creativity in the workplace.

Analyze the relationship between cognitive skills and creativity.

Identify the misconceptions about motivation and creativity.

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Definitions:

Culture Free

A concept pertaining to tests or measurements that are designed to be uninfluenced by cultural biases or norms.

Common

Occurring often or widely accepted; prevalent or usual.

General

Refers to something that applies broadly or commonly, without being restricted to specifics or details.

Reason Abstractly

The capacity to contemplate concepts, principles, and entities that are not tangible or visible.