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How should an entrepreneur view a new market opportunity?

Answer and explanation

Correct answer: As a possibility to examine

The direct answer is Option A: viewing a new market opportunity as a possibility to examine. An opportunity is a possible chance to serve customers or earn income, but it is not automatically a successful plan. The entrepreneur should study customer needs, competition, cost, available resources, risks, and likely profit before investing. Step by step, identify the opportunity; collect information; compare benefits and risks; test the idea if possible; then decide. Option A is correct because thoughtful examination combines imagination with planning. Option B is wrong because ignoring every new opportunity may cause the business to miss useful possibilities. Option C is wrong because a new market should be understood through customer research, not treated as distance from customers. Option D is wrong because resources should be used carefully, not thrown away. The correct attitude is neither blind acceptance nor immediate rejection. Exam cue: recognise, research, test, and then act.

Related tags

Home-ScienceEntrepreneurshipOpportunity-Recognition

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