A(n) ________ Is a Thought, Impression, or Notion

question 45

Multiple Choice

A(n) ________ is a thought, impression, or notion. A(n) ________ is a favorable set of circumstances that creates the need for a new product, service, or business.

• A) scheme, notion
• B) opportunity, idea
• C) idea, design
• D) idea, opportunity
• E) notion, scheme

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Definitions:

Former Customer

A person or entity that previously purchased goods or services from a business but no longer does.

Competitor's Products

Goods or services offered by companies within the same industry that vie for the same customer base.

Office Supply

Products and equipment used in offices, including stationery, furniture, and electronic devices.

Unsalable Inventory

Products that cannot be sold due to lack of demand, damage, or obsolescence.