Entrepreneurial Opportunities Are Defined As

question 43

Multiple Choice

Entrepreneurial Opportunities are defined as:

• A) new market entry through entrepreneur action.
• B) the entrepreneur's mental processes in deciding whether or not to act on a potential opportunity.
• C) a feasibility assessment.
• D) situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.

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Definitions:

Lead-The-Market

A compensation strategy where an organization aims to provide pay rates that are more competitive than the average industry or sector rates to attract and retain top talent.

Compensation Policy

Guidelines and principles that an organization follows to determine how employees are compensated, including salary, benefits, bonuses, and other types of pay.

Labour Markets

The supply and demand for labour, where employees provide the labour and employers provide the jobs, influenced by various economic factors.

Technical Ladder

A career path within an organization that allows employees to advance in their technical skills and expertise without necessarily moving into management positions.