Which is a good way to identify an opportunity?
Answer and explanation
Correct answer: Observing nearby problems and needs carefully
Careful observation and listening can reveal repeated difficulties, unmet needs, and service gaps in a community or market. An entrepreneur can then investigate whether a feasible product or service could solve the issue. Therefore option A is correct. Avoiding customers and ignoring the market removes the information needed to recognise opportunities.
Frequently asked questions
What is the correct answer to this question?
Observing nearby problems and needs carefully
Why is this the correct answer?
Careful observation and listening can reveal repeated difficulties, unmet needs, and service gaps in a community or market. An entrepreneur can then investigate whether a feasible product or service could solve the issue. Therefore option A is correct. Avoiding customers and ignoring the market removes the information needed to recognise opportunities.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
