An entrepreneur identifies a gap in the market for camping goods.He recognizes that ropes with high stress tolerances would be very popular with campers.He gathers a group of his friends, many of whom go camping regularly, and asks them to generate ideas for the best application of ropes with high stress tolerances in camping.In this scenario, the entrepreneur
A)performs a due diligence analysis.
B)performs a gap analysis.
C)conducts a brainstorming session.
D)conducts a risk evaluation.

Question

Quizplus · Accepted Answer

The entrepreneur is conducting a brainstorming session by gathering a group of his friends to generate ideas for the best application of ropes with high stress tolerances in camping. A brainstorming session is a group problem-solving technique that involves generating a large number of ideas without judgment or criticism.

An Entrepreneur Identifies a Gap in the Market for Camping