Explain What the Differences Are Between a Business Plan and an Opportunity

question 18

Essay

Explain what the differences are between a business plan and an opportunity assessment plan. 

Understand the concepts of intellectual property and copyright laws.

Recognize various types of software and applications in AI, including bots and embodied agents.

Explain basic principles of machine learning and AI capabilities like automated rule building.

Identify different branches of AI research and their current state.

---

Definitions:

Value Basis

The underlying worth of an asset from which sale prices or depreciation is derived.

Joint Costs

Costs that are incurred from producing two or more products at the same time.

Intermediate Calculations

Steps or computations performed within a larger mathematical, financial, or statistical process that are necessary for reaching the final result.

Controllable Costs

Expenses that a manager or business can influence or manage directly, such as supplies, marketing expenses, and staff wages.