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What can be called a business opportunity?

Answer and explanation

Correct answer: Where people have a need and a solution is possible

A business opportunity exists when a recognised customer need or problem can be addressed through a product or service that is feasible and capable of creating value. The opportunity still needs market, resource, and financial assessment before implementation. Thus option A is correct; no customers, unclear problems, and absence of planning do not establish an opportunity.

Related tags

Business-OpportunityNeedSolutionEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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