Examlex

Solved

The Evaluation Phase of Opportunity Recognition Occurs When an Entrepreneur

question 46

True/False

The evaluation phase of opportunity recognition occurs when an entrepreneur has an insight about a new business venture,often based on prior knowledge.


Definitions:

Insurance Agency

A business that sells, solicits, or negotiates insurance policies on behalf of insurers.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Insurance Coverage

A contractual agreement in which one party receives financial protection or reimbursement against losses from an insurance company.

Insured Person

An individual or entity covered under an insurance policy and eligible to receive benefits in case of a specific loss.

Related Questions