6 TCO 6 An organization or an entrepreneur can look for oppo

6. (TCO 6) An organization or an entrepreneur can look for opportunities in different external areas, according to Peter Drucker. When the opportunity is due to a change by altering the types and quantities of products and services desired and customers\' buying power, this is _____.  

       industry and market structure changes
       demographics changes
       perception change
       the unexpected or unanticipated change

Solution

Ans. industry and market structure changes - It means the market structure is changing, including demand and supply, customer\'s taste and preferences.