An error of omission occurs from the decision not to act of a new entry opportunity when in hindsight they should have.

Name: An error of omission occurs from the decision not to act of a new entry opportunity when in hindsight they should have.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An error of omission refers to a mistake made by not taking action when action should have been taken. In the context of business, this can refer to missing an opportunity to enter a new market, invest in a new technology, or pursue a new product line.

An Error of Omission Occurs from the Decision Not to Act