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Which of the following can be a source of a business opportunity?

Answer and explanation

Correct answer: An unmet need of people

A business opportunity often begins with a problem or need that people have but that existing products or services do not adequately meet. An entrepreneur can study this unmet need and develop a useful solution for which customers may be willing to pay. An old habit or an unused object is not automatically an opportunity, and opposing change does not identify customer demand. Therefore, option C is correct.

Related tags

Business-OpportunityUnmet-NeedCustomer-DemandIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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