Technological Knowledge Refers to the Entrepreneur's Possession of Information,technology,know-How,and Skills

question 41

True/False

Technological knowledge refers to the entrepreneur's possession of information,technology,know-how,and skills that provide insight into a market and its customers. 

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Definitions:

Theoretical Knowledge

Knowledge that is based on theories, principles, and models rather than on practical application or personal experience.

Practical Reasoning

The process of figuring out what to do in real-world situations, considering both the facts and the ethical implications.

Exploration Stage

An initial phase in a process where options, possibilities, or solutions are examined or investigated.

Exploration Stage

A phase in a process where options are researched, ideas are generated, and possibilities are considered before making a decision.