Which of the following best defines a business opportunity?
ENTREPRENEURIAL OPPORTUNITY

Quiz
•
Business
•
12th Grade
•
Easy
Vedika Singh
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any random idea that an entrepreneur likes
A social service with no focus on returns
An economic activity that leads to business/trade and ensures profit
A government policy that promotes new businesses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entrepreneur ensures two key factors while identifying a business opportunity. What are they?
Availability of raw materials and government subsidies
Low production costs and high employee salaries
Business registration and availability of loans
Presence of a good market and return on investment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an essential element of a business opportunity?
Assured market scope
Attractive and acceptable rate of return
Personal interest of the entrepreneur
Potential for future growth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors is essential for identifying a business opportunity?
Practicability of the idea
Random market trends
Immediate high profits with no future growth
Entrepreneur’s personal preferences only
5.
MATCH QUESTION
1 min • 1 pt
Match the following - PERCEIVING AND SENSING OPPORTUNITIES
•businesses must embrace innovation
entrepreneurs perceive opportunities
•Collect Information
•Look for patterns
synthesize the available information
•Observing market trends
Analyse emerging patterns
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is environment scanning important for a business?
It eliminates the need for strategic planning
It helps in identifying opportunities for a first-mover advantage
It ensures businesses never face competition
It guarantees immediate success without effort
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A food delivery company, QuickBite, observes a growing demand for late-night food delivery. It partners with night-time restaurants to expand its services and increase revenue..
Sensitization to cope with rapid changes.
Better performance.
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