The table given below represents the output per hour of cookies and chilies in Ohio and Iowa.Table 2.4
-Refer to Table 2.4. The opportunity cost of a cookie in Iowa is:
Definitions:
Strategic Thinking
A mental process applied by an individual in the context of achieving a goal or set of goals in a competition or conflict against another entity or entities.
Entrepreneurship
Entrepreneurship is a process of creating new enterprises, opportunities and business ventures.
Organisational Development
A field of research, theory, and practice dedicated to expanding the knowledge and effectiveness of people to accomplish more successful organizational change and performance.
Internet Entrepreneurship
The process of launching and managing a business venture online to capitalize on opportunities presented by the internet.
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