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Which option corrects the belief that an entrepreneur must always create a new market?

Answer and explanation

Correct answer: Opportunity can also be created by offering a better solution in an existing market

A venture can succeed in an existing market by improving quality convenience or price. Understand both market creation and market improvement.

Related tags

Entrepreneurship MythsExisting MarketBusiness OpportunityMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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