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Questions and Answers
What is the key difference between an idea and an opportunity?
What is the key difference between an idea and an opportunity?
- An idea requires exposure to risk
- An opportunity involves commitment of resources and risk (correct)
- An opportunity is always expensive to start-up
- An idea is always related to business climate
Why may a good idea not be considered an opportunity?
Why may a good idea not be considered an opportunity?
- Not Realistic
- Too Expensive to Start-up
- Bad Timing (correct)
- Transportation Issues
What is a characteristic of a business opportunity?
What is a characteristic of a business opportunity?
- Dependent on transportation issues
- Always realistic
- Involves exposure to risk (correct)
- Does not require commitment of resources
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