Question

Identify which of the following is not an element of a business opportunity.

Options

• Assured market scope

• Attractive and acceptable rate of Return on Investment (ROI)

• Practicability of the idea

• Existing competition in the market

Answer 1

Existing competition in the market

Explanation:

A business opportunity includes elements such as assured market scope, attractive return on investment, practicability of the idea, and low competition. However, existing competition in the market is not an element of a business opportunity; in fact, high competition can reduce the attractiveness of an opportunity.