The term "window of opportunity," as discussed in Chapter 2, describes the time period in which a firm can:
A) obtain funding or financing
B) hire new employees
C) obtain patent protection for a new product
D) realistically enter a new market
E) get government approval for a regulated product or service

Question

Quizplus · Accepted Answer

The term "window of opportunity" refers to the limited time period during which a firm can realistically enter a new market before the opportunity passes. This could be due to factors such as competition, changes in customer preferences, or changes in technology. Obtaining funding or financing, hiring new employees, obtaining patent protection, or getting government approval may all be important steps for a firm, but they are not necessarily tied to a specific time period known as a "window of opportunity."

The Term "Window of Opportunity," as Discussed in Chapter 2