Which example shows an entrepreneur's ability to identify opportunity?
Answer and explanation
Correct answer: Noticing students need protection in rain and making an affordable bag cover
Opportunity identification begins with noticing an unmet need or recurring problem. In option A, the entrepreneur observes that students need protection for their bags during rain and develops an affordable solution. The other actions show waiting, routine repetition, or ignoring information. They do not connect a real customer need with a possible product or service.
Frequently asked questions
What is the correct answer to this question?
Noticing students need protection in rain and making an affordable bag cover
Why is this the correct answer?
Opportunity identification begins with noticing an unmet need or recurring problem. In option A, the entrepreneur observes that students need protection for their bags during rain and develops an affordable solution. The other actions show waiting, routine repetition, or ignoring information. They do not connect a real customer need with a possible product or service.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
