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If a student starts a small book-rental centre after noticing a local need, what is it an example of?

Answer and explanation

Correct answer: Starting an enterprise by identifying an opportunity

The student first observes a local shortage or need and then creates a service to address it. This sequence—recognising a problem, developing a useful idea and organising a small venture—illustrates opportunity identification in entrepreneurship. Option A is correct. The situation does not describe copying, avoiding work or merely sitting for an examination.

Related tags

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

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