Question:
A business opportunity can be described as an economic idea which can be implemented to create ______________ and earn profits.
A business opportunity can be described as an economic idea which can be implemented to create ______________ and earn profits.
Updated On: Jul 4, 2025
- customers
- competitors
- a business enterprise
- an economic environment
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The Correct Option is C
Solution and Explanation
A business opportunity refers to an economic idea or concept that can be turned into a practical venture. This opportunity when implemented effectively leads to the creation of a business enterprise which generates goods or services and earns profits.
Business enterprise: The organized economic activity formed by implementing a business opportunity.
Customers: People who buy goods or services, not created by an opportunity.
Competitors: Other firms in the market, not a direct outcome of an opportunity.
Economic environment: External factors affecting business, not what an opportunity creates. Therefore, the correct answer is (C) a business enterprise.
Business enterprise: The organized economic activity formed by implementing a business opportunity.
Customers: People who buy goods or services, not created by an opportunity.
Competitors: Other firms in the market, not a direct outcome of an opportunity.
Economic environment: External factors affecting business, not what an opportunity creates. Therefore, the correct answer is (C) a business enterprise.
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