A business definition can be the product of proactive decision making and also from passive acceptance of market forces.

Question

Quizplus · Accepted Answer

A business definition can be the result of proactive decision making, where the business owners consciously decide on the products or services they will offer and the target market they will focus on. Alternatively, it can also be the result of passive acceptance of market forces, where the business owners adapt to the demands and trends of the market without actively shaping their business concept.

A Business Definition Can Be the Product of Proactive Decision