Question

A recently registered enterprise started first time the business of online food delivery services using drones in its locality. This type of business can be an example of

• A. A new enterprise based on new business concept
• B. An existing enterprise based on existing business concept
• C. A New enterprise based on existing business concept
• D. Existing Enterprise based on new business concept

Answer 1

The Correct Option is A

To determine the correct answer, we need to understand the type of business being described and the definitions of each option given.

An "enterprise" generally refers to a business or company. "Business concept" pertains to the idea or plan on which the business operates.

In this question, we are faced with a new business venture that involves "online food delivery services using drones." Let’s evaluate each option:

1. A new enterprise based on new business concept: This option suggests that both the enterprise and the business concept are new. The use of drones for food delivery is an innovative idea and not a common traditional practice in most deliveries, thus making both the enterprise and concept new.
2. An existing enterprise based on existing business concept: This option involves neither new enterprise nor new concept. An existing enterprise would mean the company has been operating in the same way for a period, which doesn’t fit with "recently registered." Additionally, food delivery by drones is not an "existing business concept" in the traditional sense.
3. A New enterprise based on existing business concept: This option suggests a new entity utilizing a well-established business idea. While food delivery is an existing concept, the method (drones) is not the typical approach, making the concept new in this context.
4. Existing Enterprise based on new business concept: This implies an already operational company integrating a new idea. However, the scenario mentions a "recently registered enterprise," which denotes both the enterprise and the concept are new.

After evaluating each option, we can conclude that the statement "A new enterprise based on new business concept" best describes the situation where a recently registered business uses the novel approach of drones for food delivery.

Therefore, the correct answer is: A new enterprise based on new business concept.