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.
Frequently asked questions
What is the correct answer to this question?
Opportunity identification
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
