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2.1
n/a
10
Business
10th Grade
02/08/2013

Additional Business Flashcards

 


 

Cards

Term
Entreprenurial discovery
Definition
The process of systemtaically scanning for techonological, political, and regulatory, social, and demographic changes to discover opportunities to produce new goods and services.
Term
Scientific discovery
Definition
Occurs when a physical or technological observation changes to discover opportunities to produce new goods and services.
Term
Circumstantial discovery
Definition
- Occurs when an observation is made based on specific knowledge of time, place, or circumstance.
Term
Analogies
Definition
- comparing an unfamiliar abstract idea with an already known mental image
Term
Pattern recognition
Definition
- many problems can be diagnosed and remedied this way
Term
Protoytpe
Definition
- a 3-dimensional version of your vision
Term
Reverse engineering
Definition
- examining a completed product with the intent of understanding the technology and process used in it design, manufacture, or operation.
Term
Feasibility
Definition
- capable of being done or carried out, capable of being used or dealt with successfully.
Term
Evaluation
Definition
- assessing the feasibility and profit potential of the new idea/product/service.
Term
Exploitation
Definition
- the use or utilization usually for profit.
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