ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which business opportunity would be created by opening a store on the World Wide Web?
A
An internet-based business
B
A home-based business
C
A franchise
D
An existing business
Explanation: 

Detailed explanation-1: -A business opportunity, in the simplest terms, is a packaged business investment that allows the buyer to begin a business. (Technically, all franchises are business opportunities, but not all business opportunities are franchises.)

Detailed explanation-2: -Consulting, starting an e-commerce store, becoming a web designer, and launching a blog are examples of online businesses you can start easily. Online business growth is predicted to continue as more consumers access digital environments for personal and business needs.

Detailed explanation-3: -Knowing and understanding customer needs is at the centre of every successful business, whether it sells directly to individuals or other businesses. Once you have this knowledge, you can use it to persuade potential and existing customers that buying from you is in their best interests.

Detailed explanation-4: -Dropshipping. One of the best business opportunities from home is dropshipping. Consulting. Consulting is one of the most common business opportunities. Website Flipping. Freelancing. Print on Demand. Blogging. Affiliate Marketing. App Creation. More items •01-Dec-2022

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