18 Questions
What is a business opportunity according to the text?
A chance to meet an unsatisfied need where there is sufficient demand
What are the keys to recognizing a business opportunity?
Possession of knowledge and self-awareness
What is green entrepreneurship about?
Improving human well-being and social equality
What is the primary aim of the organic trend mentioned in the text?
To promote environmentally friendly and healthy food production and processing
What is one of the most pressing environmental concerns of consumers mentioned in the text?
Global warming
Which sources are suggested for the power of the 21st century in the text?
Solar, wind, and geothermal
Which trend is described as the best 'window of opportunity' due to its global acceptance?
Social media
What is the top concern associated with health trends mentioned in the text?
Ageing population and communicable diseases
Many feel that the power of the 21st century should come from ______, wind, and geothermal sources.
solar
The organic trend is increasing significantly, particularly in the food sector which has been accelerated by the shrinking price gap between organic and non-organic products. The primary aim of this trend is to promote environmentally friendly and healthy food production and ______.
processing
Social media trends can be considered the best 'window of opportunity' because of their acceptance around the ______.
globe
Health maintenance and concerns about health care provisions together are one of the biggest trends today that will continue to boom in the next decade as the world population ______.
ages
Design trends are how we analyze the past in order to better understand and anticipate the ______.
future
Green entrepreneurship is about improving human well-being and social equality, as well as reducing environmental risks. Innovation for the good of the ______.
planet
One of the keys to recognizing an opportunity lies in the knowledge possessed by an individual entrepreneur or ______.
firm
IDENTIFYING OPPORTUNITIES THROUGH EXISTING TRENDS: CLEAN ENERGY. One of the most pressing environmental concerns of consumers is global warming with the resulting opportunities in ______ energy.
clean
Business Opportunity is the chance to meet an unsatisfied need where there is sufficient demand to make meeting that need ______.
worthwhile
In the Concise Oxford Dictionary (1991) while an opportunity is defined as a favorable occasion, a good chance (of doing, to do, for ______).
action
Study Notes
Identifying Opportunities
- A business opportunity is the chance to meet an unsatisfied need where there is sufficient demand to make meeting that need profitable.
- Keys to recognizing a business opportunity include possessing knowledge as an individual entrepreneur or company.
Trends
- The organic trend aims to promote environmentally friendly and healthy food production and consumption.
- The primary aim of the organic trend is to increase the use of environmentally friendly and healthy products, particularly in the food sector.
- The organic trend is growing significantly, driven by the shrinking price gap between organic and non-organic products.
Green Entrepreneurship
- Green entrepreneurship focuses on improving human well-being and social equality, as well as reducing environmental risks.
- The goal of green entrepreneurship is innovation for the good of the planet.
Environmental Concerns
- One of the most pressing environmental concerns of consumers is global warming, resulting in opportunities in clean energy.
Social Media Trends
- Social media trends are considered the best 'window of opportunity' due to their global acceptance.
Health Trends
- The top concern associated with health trends is health maintenance and concerns about health care provisions.
- Health trends will continue to boom in the next decade as the world population ages.
Design Trends
- Design trends involve analyzing the past to better understand and anticipate the future.
Power of the 21st Century
- Many feel that the power of the 21st century should come from solar, wind, and geothermal sources.
This quiz covers the concept of business opportunities, including definitions and characteristics. It discusses the chance for personal or corporate gain and favorable occasions for business activities.
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