Immediate Need to Gain Access to a Particular Market Is

question 54

True/False

Immediate need to gain access to a particular market is a reason why developing a new business opportunity from the ground up represents significantly greater risk.

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Definitions:

Firm's Characteristics

Specific attributes or qualities that define and differentiate an organization, including its size, scope, resources, capabilities, and culture.

Diversification

The process of a business expanding its operations or investment portfolio across new markets, products, or services to reduce risk.

Quantitative Goal

A target that can be measured and quantified, often involving specific figures or percentages that an organization aims to achieve.

SWOT Analysis

A strategic planning tool used to identify and assess strengths, weaknesses, opportunities, and threats related to business competition or project planning.