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Which signal is strongest for an entrepreneur while identifying an opportunity?

Answer and explanation

Correct answer: Unsolved customer problem

An unsolved customer problem is a strong opportunity signal because it reveals a need for which existing solutions may be inadequate. If enough people experience the problem and value a possible solution, demand may develop. Friends’ opinions can be useful starting clues but are not representative evidence. An old habit or attractive shop does not by itself show that customers need or will pay for a new offering.

Related tags

Opportunity-IdentificationCustomer-NeedEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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