Instructions: Identify the Following Terms

question 69

Short Answer

Instructions: Identify the following terms.
caliph

Define and distinguish between idea generation, creativity, and opportunity recognition in the entrepreneurial process.

Recognize the importance of cognitive and analytical strategies in idea generation and opportunity recognition.

Understand the role of pattern recognition, alertness, and prior knowledge in identifying entrepreneurial opportunities.

Appreciate the impact of cognitive styles on successful entrepreneurship and how they influence opportunity recognition.

---

Definitions:

Recall Test

A method used in memory research where participants are asked to remember and reproduce information that was previously presented to them.

Potential Customers

Individuals or organizations that are likely to purchase a company's products or services but have not yet done so.

Ads

Short for advertisements, these are promotional materials designed to attract attention and encourage consumers to buy products or services.

Sensation

The process of sensory receptors and the nervous system receiving and representing stimulus energies from our environment.