Which of the Following Items Is Typically Not Included in a Concept

question 62

Multiple Choice

Which of the following items is typically not included in a concept statement?

• A) a description of the product or service being offered
• B) a description of how the product or service will be sold and distributed
• C) a description of how much money the new venture needs
• D) the benefits of the product or service
• E) the intended target market

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Definitions:

Uniqueness

The quality of being the only one of its kind; distinctiveness or rarity among similar entities.

Deindividuation

A psychological state where an individual loses self-awareness and a sense of individuality, often resulting in disinhibited and norm-violating behavior, typically in group contexts.

Social Loafing

A phenomenon in group work where individuals put in less effort because they believe others will pick up the slack.

Competitive Instinct

The natural tendency or inclination to aim at outperforming others or being the best in a given scenario.