The Term "Opportunity Recognition" Refers to the Process of Perceiving

question 61

True/False

The term "opportunity recognition" refers to the process of perceiving the possibility of a profitable new business or a new product or service.

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Definitions:

Increased Longevity

An increase in the length of time an organism is expected to live.

Placenta

A specialized organ in mammals that provides oxygen and nutrients to growing embryos while removing waste products.

Interfamilial Conflicts

Disputes or disagreements that occur among members of a family or between different families.

Competitive Advantage

The attribute(s) that allows an organization to outperform its competitors, including cost structure, product quality, brand recognition, customer service, and innovation.