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Which question would an entrepreneur consider while evaluating an opportunity?

Answer and explanation

Correct answer: Is there sufficient customer demand and are required resources available

Opportunity evaluation asks whether enough customers need the offering and whether the entrepreneur can obtain the money, skills, materials, technology, and other resources required. It may also consider cost, competition, and risk. Friends’ colour preferences, office decoration, or name length do not establish market demand or feasibility.

Related tags

Opportunity-EvaluationFeasibilityDemandResourcesIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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