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What Is an Emerging Industry? What Is the Primary Opportunity

question 17

Essay

What is an emerging industry? What is the primary opportunity available to entrepreneurial firms in emerging industries? Name three examples of firms in emerging industries.


Definitions:

Random Variable

A numerical value variable resulting from random phenomena.

Random Variable

A variable representing numerical results from a chance event.

Standard Normal

A normal distribution with a mean of 0 and a standard deviation of 1, used as a basis for comparing different distributions.

Obtaining

The act of acquiring or securing something.

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