ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Starting a new business from scratch
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Buying a franchise
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Buying an existing business
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None of the above
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Detailed explanation-1: -A common type of business opportunity involves a company that sells bulk vending machines and promises to secure suitable locations for the machines. The purchaser is counting on the company to find locations where sales will be high enough to enable them to recoup their expenses and make a profit.
Detailed explanation-2: -A Basic definition. By definition, a business opportunity is a well-thought idea that needs to be developed. #1 Franchising. #2 Distribution and Deals. #3 Marketing. #4 Licensing. 07-Aug-2020
Detailed explanation-3: -Problems that your business can solve. Changes in law, situations or trends. Inventions of totally new products or services. Competition. Technology Advances. 05-Jan-2015
Detailed explanation-4: -Get help on projects. Propose working groups. Get testers for new ideas or products. Create a team to work on an idea you have. Share your expertise or best practices in a particular field.