The process of perceiving the possibility of a profitable new business, product or service idea is referred to as:
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Opportunity recognition is answer ...
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Opportunity recognition is the right answer.
Opportunity recognition is a process of looking at the probability of a valuable new business or a new commodity or service. Opportunity recognition is an essential element of the entrepreneurial method. Through this process, business people should be capable to recognize new and better techniques of implementing products and services that meet consumer expectations and also recognize new market possibilities.
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