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.

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Definitions:

Memory

The cognitive process of retaining and recalling information or experiences.

Habituation

the process by which an individual becomes accustomed to a stimulus after repeated exposure, leading to a decrease in their response.

Pay Less Attention

Act of giving reduced focus or importance to something, potentially leading to overlooking or ignoring it.

Indeterminate Cleavage

Type of cleavage characteristic of deuterostomes; during early cleavage each cell has the potential of developing into a complete embryo. Compare with determinate cleavage.