ECONOMICS
ENTREPRENEURS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The entrepreneur will have to spend a lot of money and time to implement the idea
|
|
|
The idea solves a unique need or want in the market that a group of customers is willing to buy.
|
|
|
The idea is something that no one has ever thought of before
|
|
|
The entrepreneur is really passionate about the idea
|
Detailed explanation-1: -Which of the following ensures a good idea for a business is an actual business opportunity? The idea solves a unique or want in the market that group of customers is WILLING to buy.
Detailed explanation-2: -The Distribution channels give suggestions for new product and als help to market new products. The distribution channels are chosen for providing ideas for new products because they are more familiar and have more understanding on the market needs.
Detailed explanation-3: -Being driven to achieve goals is a key characteristic of a successful entrepreneur. Any challenges are overcome with a driven mindset, and it can encourage others around you to succeed. Being more driven is all about focused determination. Know your goals and create a path to accomplishing them.
Detailed explanation-4: -Hobby. Complaints. Exhibitions. Experience. Brainstorming. Surveys. Mass media etc…