Question

Opportunity can be spotted by analysing the ______ that exist in the environment.

Options

• vision and creativity

• entrepreneurial intuitions

• creative solutions

• needs and problems

Answer 1

Opportunity can be spotted by analysing the needs and problems that exist in the environment.

Explanation:

Entrepreneurs identify business opportunities by analyzing the needs and problems that exist in the environment. When they find unmet needs or problems faced by people, they can create products or services that provide solutions. Thus, opportunities arise from understanding and addressing these needs and problems effectively.