Assessing Business Opportunities
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Questions and Answers

Which of the following is NOT a factor to consider when evaluating a business opportunity?

  • Capital
  • Individual interests
  • Skills
  • Location (correct)

    • What is the importance of market research?

  • Increasing employee efficiency
  • Finding role models
  • Producing one's inputs
  • Identifying profitable markets (correct)

    • What is the role of technology in business opportunity-seeking?

  • Enhancing product quality (correct)
  • Providing access to raw materials
  • Increasing capital
  • Improving employee efficiency

    • What is the significance of suppliers in business opportunities?

    <p>They ensure steady access to raw materials</p> Signup and view all the answers

    What are the steps involved in market research?

    <p>Gathering data, analyzing data, reaching a conclusion</p> Signup and view all the answers

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