BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a way to make money
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a way to gett rich quick
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an avenue to success
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Detailed explanation-1: -Entrepreneurial opportunity is the point at which identifiable consumer demand meets the feasibility of satisfying the requested product or service. In the field of entrepreneurship, specific criteria need to be met to move from an idea into an opportunity.
Detailed explanation-2: -Potential economic value, novelty and perceived desirability. What are the three central characteristics of opportunity? According to the text, what is the most common form of value? A way of generating value through unique or desirable ways.
Detailed explanation-3: -What’s the difference? An idea is just that. It has no value unless you make a business out of it. An opportunity is an idea that can be implemented, for which resources are available, that will prosper.