Opportunity recognition is defined as ______.

A) recognition that ideas are not only new and potentially useful,but also have the potential to generate economic value
B) production of ideas for something new
C) production of ideas for something new that is also potentially useful
D) the results of brainstorming with friends and family

Opportunity Recognition

The ability to identify and evaluate potential business or investment opportunities within the environment.

Economic Value

The worth of a good or service determined by the market forces of supply and demand.

Potentially Useful

Describes something that has the capacity to be of benefit or service, possibly aiding in solving a problem or fulfilling a need.