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.
Frequently asked questions
What is the correct answer to this question?
Starting a service to provide nutritious food after identifying its shortage in the local area
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.
