Which example best shows opportunity identification?
Answer and explanation
Correct answer: Selling clean cold drinks after noticing rising summer demand
An entrepreneurial opportunity begins with noticing a genuine need and considering a practical way to satisfy it. In summer, people may seek refreshing drinks, so offering a clean and suitable product responds to an observable market need. The other choices ignore demand, feedback, or planning. Therefore, recognising the need and offering a solution represents opportunity identification.
Frequently asked questions
What is the correct answer to this question?
Selling clean cold drinks after noticing rising summer demand
Why is this the correct answer?
An entrepreneurial opportunity begins with noticing a genuine need and considering a practical way to satisfy it. In summer, people may seek refreshing drinks, so offering a clean and suitable product responds to an observable market need. The other choices ignore demand, feedback, or planning. Therefore, recognising the need and offering a solution represents opportunity identification.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
