Which of the Following Refers to Searching and Capturing New

question 71

Multiple Choice

Which of the following refers to searching and capturing new ideas that lead to business opportunities?

• A)Innovation
• B)Entrepreneurial alertness
• C)Opportunity recognition
• D)Technology transfer

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Definitions:

Strategy

A plan of action or policy designed to achieve a major or overall aim, often involving tactics and resource allocation.

Supplier Power

The influence that suppliers may have over a company, often due to the scarcity of their product or the lack of alternative suppliers.

Bearings

Machinery components used to reduce friction between moving parts and support rotational or sliding movements.

Motors

Machines that convert electrical energy into mechanical energy, typically used for powering devices, vehicles, or machinery.