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If an entrepreneur identifies new demand but does not arrange resources, what remains lacking?

Answer and explanation

Correct answer: Implementation of opportunity

The direct answer is A: implementation of the opportunity remains lacking. Recognising demand is only the first step in entrepreneurship. The entrepreneur must next test feasibility, obtain finance and materials, arrange labour and technology, plan production and deliver the product or service. Without resources, an attractive idea cannot be converted into actual business activity. Option A is correct because implementation means putting the opportunity into practice. Option B, customer complaint, is not necessarily present; no complaint is mentioned. Option C, market presence, may remain weak, but it is not the precise missing step identified by the situation. Option D, competition, is unrelated to the stated failure to arrange resources. Exam cue: opportunity is an idea or possibility; implementation is turning it into action.

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Home-ScienceEntrepreneurshipResources

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