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Lesson 05 - Discussion

Lesson 05 - Discussion

Q How has the environment for product development changed in the last decade, and what does that mean to entrepreneurs starting new businesses? (Consider globalization and the ready availability of consumer reviews). Discussion Requirements: 1. Your initial post should be at least 200 words, written in APA style with a reference supporting your position (due by Saturday at 11:59pm each week). 2. Read, evaluate and compose a substantial in-depth response to at least two of your peers (these must be posted on two different days-- due by Tuesday at 11:59pm). 3. Correct grammar, spelling, and punctuation are expected.

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There have been transitions in the environment for product development in the last decade. This is because the organizations of the last decade have been able to obtain loans and funds from other organizations in different countries (Agwu, 2020). Moreover, there have been organizations spending in research and development more because of the availability of adequate or excessive funds. The rates at which loans are available from international banks are higher than the rates of loans which would be available (Agwu, 2020). Entrepreneurs starting new businesses can ensure that they utilize all the available financial resources as well as international contacts with existing international entrepreneurs.