Lesson 3: Business Opportunity

A consumer need or want that can potentially be fulfilled by a new business is called:

• Window opportunity

• Business opportunity

• Business offer

• Source of opportunity

Mention two internal sources of opportunity

• New discoveries

• Talents

• Independent business

• Skills

Keeping a Logbook and conducting a search are ways to create and improve:

• An existing idea/product/process

• A business opportunity

• An invention

• An independent business

Something that people must have to survive, such as water, food, clothing, and shelter is defined as:

• services

• needs

• wants

• products

For a higher success of an Entrepreneur, Give at least 3 Evaluated Resources.

• Market

• Capital

• Skills

• Employee

• Innovation

For Higher probability of success you must have an attitude of being innovative. What Evaluated Factors do an entrepreneur must have?

• Market

• Technology

• Interest

• Man power

In order to be a successful entrepreneur, what factor of evaluated probability of success he/she need to establish?

• His/her Individual Interest

• His/her attitude

• His/her ideas

• His/her altitude