Latent Needs Are _____________________

question 3

Multiple Choice

Latent needs are _____________________.

• A) implied or hidden needs without the customer knowing the solution
• B) obvious needs that address users initial commitment to a product
• C) observable customer needs
• D) a missing piece of the product

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Definitions:

Detailed Financial Projections

Comprehensive forecasts about a company’s future financial status and performance over a period of time.

Entrepreneurial Activities

Actions aimed at initiating, designing, launching, and running a new business or enterprise, often in the face of financial risk.

Business Plans

A detailed document outlining the objectives, strategies, financial projections, and target market for a new or existing business.

Idea Generation

The process of creating, developing, and communicating new concepts or solutions, often an initial step in the creative or innovation process.