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What is the correct way to identify opportunities in entrepreneurship?

Answer and explanation

Correct answer: Carefully observing people’s problems and needs

A useful opportunity often appears where customers have an unmet need, repeated difficulty, or dissatisfaction with existing alternatives. Careful observation, conversations, and market information help the entrepreneur verify whether the problem is real and worth solving. Thus option A is correct. Rumours, ignorance of information, and automatic imitation provide weak foundations for opportunity identification.

Related tags

Opportunity-IdentificationMarket-NeedsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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