What do you understand by the term 'a prospector organisation'?

A. An organisation that represents a good prospect for a firm looking to make an acquisition

B. An organisation with good growth prospects

C. An organisation that has recently been founded as an entrepreneurial start-up

D. An organisation that actively seeks new opportunities and change

Answer: Option D

Solution(By Examveda Team)

'A prospector organisation' means An organisation that actively seeks new opportunities and change. Prospector organizations face the entrepreneurial problem of locating and exploiting new product and market opportunities.