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A student notices that there is a lack of healthy snacks near the school and develops an idea to provide clean food at low prices. Which entrepreneurial process does this best show?

Answer and explanation

Correct answer: Opportunity identification

The student observes an unmet need, defines a real problem, and converts it into a possible solution that could serve customers. This movement from noticing a problem to recognising a feasible business possibility is opportunity identification. No profit has yet been distributed, no loan repayment is described, and the activity is not being closed. Those options refer to later or unrelated stages.

Related tags

Opportunity-IdentificationEntrepreneurshipEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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