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In which situation is an entrepreneur's opportunity recognition best shown?

Answer and explanation

Correct answer: Starting a service to provide nutritious food after identifying its shortage in the local area

Option A is correct. Opportunity recognition means identifying a problem, an unmet need, or a gap in the market and developing a useful business solution. Starting a service after noticing a shortage of nutritious food in a locality clearly shows this ability. Option B is merely copying a business and does not involve analysing a local need or opportunity. Exam tip: Words such as “shortage,” “problem,” “unmet need,” and “demand” often point to an entrepreneurial opportunity.

Related tags

EntrepreneurshipOpportunity RecognitionMarket NeedLocal DemandBusiness IdeaHome ScienceEntrepreneurship: Definition And CharacteristicsEntrepreneurship Definition And Characteristics

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