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What is the most important combined condition for treating an idea as a real business opportunity?

Answer and explanation

Correct answer: Customer demand exists and the idea is feasible

A business opportunity requires both a genuine market need and practical feasibility. Customer demand shows that people may want or pay for the product or service, while feasibility checks whether the idea can be implemented with available skills, resources, technology, time, and cost. Therefore, option B is correct. Novelty, an attractive name, excitement, high price, or large advertising alone cannot prove that an idea will work as a business.

Related tags

EntrepreneurshipBusiness OpportunityCustomer DemandFeasibilityIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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