Theresources, skills, and technology available in the community are to be evaluated if the search is not fully or efficiently utilized
In discovering business opportunities, the following ______ors or resources have to be evaluated:
The number of prospective buyers, competitors, the price, and the quality of goods and services that have to be analyzed are referred to as
In selecting a business, options should not be based on luck and immature thinking, but on a thorough evaluation and systematic process. Start by developing long and short lists of potential business opportunities. Likewise, the resources, skills, and technology available in the community are to be evaluated if the search is not fully or efficiently utilized.
As a smart entrepreneur may decide to have a small or large business, but it is important to follow the process of identifying and evaluating the various options in generating ideas that can be transformed into a profitable business endeavor.
What is the first step in discovering business opportunities according to the text?
What does it mean to be a smart entrepreneur, according to the text?
Where do business opportunities exist, according to the text?
What should be evaluated when discovering business opportunities?
How should business options be selected, according to the text?
Explore the concepts of business opportunities, ideation, innovation, and creativity. Learn how these factors play a crucial role in entrepreneurial endeavors and the development of new ventures.
Make Your Own Quiz
Transform your notes into a shareable quiz, with AI.Get started for free