The BOP Represents Huge Market Opportunity Because

question 18

Multiple Choice

The BOP represents huge market opportunity because:

• A)It is 4 billion strong.
• B)It is easily reachable with inside connections.
• C)It is relatively easy to make a high volume of sales.
• D)It has relatively high purchasing power parity.
• E)The primary distribution channels are already in place.

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Definitions:

Production Techniques

The methods or processes used in the creation or manufacture of goods and services.

Costs

The expense required for something; the money spent on or needed for a project, product, or service.

Profit-Seeking Decision Maker

An individual or entity focused on making decisions that are expected to result in the highest possible profit.

Entrepreneur

An individual who organizes and operates a business venture, taking on greater than normal financial risks in order to do so.