Change in the status quo of any market component creates some degree of equilibrium, which means that there are likely to be customers somewhere who are being underserved, creating an opportunity for new business opportunities. Select one: True False

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Change in the status quo of any market component creates some degree of equilibrium, which means that there are likely to be customers somewhere who are being underserved, creating an opportunity for new business opportunities.

Select one:
True
False
 
 
 
 

The Creating Phase is a creative activity where old strategies are used to envision and define businesses of the future. 

Select one:
True
False
 
 
 
 

A _____________________  ____________________ is a market, product, technology, or business process that lies beyond a company’s current corporate strategy and business model.

a.

Strategic Frontier

b.

Strategic Plan

c.

Business Model 

d.

Discovery team

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