A Skills Gap Is a Situation in Which the Supply

question 37

True/False

A skills gap is a situation in which the supply of a particular form of human capital available to a firm is inadequate to address the demand.

Understand the phases of design thinking and their functions, including ideation and implementation.

Develop keen observation skills and the importance of practice in cultivating these skills.

Identify insights through observation and understanding consumer behavior.

Learn the process of testing ideas through prototypes in the implementation stage.

---

Definitions:

Disposable Income

The amount of money an individual or household has to spend or save after taxes have been deducted.

Price Increase

A rise in the cost of goods or services, often reflecting inflation or demand changes.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed funds and exchange traded funds.

Securities

Financial instruments that represent an ownership position, a creditor relationship, or rights to ownership, expressed in the form of stocks, bonds, or options.