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Business Opportunity Options
Assessing different opportunities for the product within the market and choosing the most promising ones.
Implications
The various pathways or choices a business can pursue to achieve growth, expand its market, or capitalize on new trends, often assessed through strategic analysis.
Example
Example: A tech company evaluates business opportunity options to decide whether to enter a new market, acquire a competitor, or develop a new product line.
Related Terms
Different from strategic options, which include a broader range of decisions, business opportunity options focus specifically on growth and expansion opportunities.
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