When an entrepreneur pursues a new entry opportunity only to find out later that he or she had overestimated his or her ability to create customer demand it is a(n):
A)technological error.
B)window of opportunity.
C)error of omission.
D)error of commission.

Question

Quizplus · Accepted Answer

This is an error of commission, which refers to making a mistake by taking action. The entrepreneur pursued the opportunity, but it resulted in overestimating their ability to create customer demand.

When an Entrepreneur Pursues a New Entry Opportunity Only to Find