Discuss how an entrepreneur decides on an economic opportunity.
What will be an ideal response?
Entrepreneurs spot, create, and exploit opportunities in a variety of ways. To spot opportunities, think carefully about events and trends as they unfold. Consider, for example, the following possibility: as the population ages, many organizations have sprung up to serve the older demographic, from specially designed tablet and smart phone apps for seniors to assisted-living facilities. In this case, the demographic changes were the medical needs of a growing population of aged people.
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The task environment of a firm consists of demographic, economic, natural, and technological environments, as well as the political-legal system and the social-cultural arena
Indicate whether the statement is true or false
Perceptions involve recalling an old reaction to a new stimulus
Indicate whether the statement is true or false.
Which of the following actions for environmental damage requires an invasion that interferes with the plaintiff's right of exclusive possession of the property and is the direct result of an action by the defendant?
a. Public nuisance b. Trespass to land c. Strict liability d. Private Nuisance
Why do we examine samples rather than populations?
a. because populations cannot generally be measured b. because populations provide only qualitative data c. because samples are more accurate d. because samples include all subjects of interest