Examlex
When assessing whether a new product and/or new market are sufficiently attractive to be worth exploiting and developing,an entrepreneur partly depends on the level of information available on a new entry.Why is prior knowledge important and what are the limits of an information search
Also,briefly define a window of opportunity.
Absolute Advantage
The ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.
Donuts
A type of fried dough confection or dessert food, often sweetened or glazed.
Comparative Advantage
The skillfulness of an individual or team in performing a particular economic function more proficiently than another task.
Bushels
A unit of volume that is used in dry commodities trading, commonly used in agriculture for measuring grains.
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