Define business opportunity-business problem and symptoms

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Reference no: EM133035326

1. Define business opportunity, business problem and symptoms. Give an example of each as it applies to a university business school.

2. Consider the following list, and indicate and explain whether each best fits the definition of a problem, opportunity, or symptom:

a. A 12.5 percent decrease in store traffic for a children's shoe store in a medium-sized city mall.

b. Walmart's stock price has decreased 25 percent between 2007 and 2009.

c. A furniture manufacturer and retailer in North Carolina reads a research report indicating consumer trends toward Australian Jara and Kari wood. The export of these products is very limited and very expensive.

d. Marlboro reads a research report written by the U.S. FDA. It indicates that the number of cigarette smokers in sub-Saharan Africa is expected to increase dramatically over the next decade.

Reference no: EM133035326

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