Question

Which of the following is a kind of opportunity?

• A. First opportunity
• B. Created opportunity
• C. Last opportunity
• D. None of these

Hint:

Entrepreneurs often create opportunities through innovation and market insight rather than waiting for them to appear naturally.

Answer 1

The Correct Option is B

Step 1: Understanding the term “Opportunity.”
In the field of business and entrepreneurship, an opportunity refers to a favorable situation or condition that allows an entrepreneur to start or expand a business.
It arises from changing market conditions, technological innovations, or shifts in consumer behavior.
Step 2: Types of Opportunities.
Opportunities can be classified into different types: natural (or existing) opportunities and created opportunities.
A created opportunity is one that an entrepreneur identifies and develops through innovation, research, or creative effort, rather than waiting for it to naturally exist in the environment.
Step 3: Analysis of options.
- (1) First opportunity: Incorrect — this is not a recognized type of business opportunity.
- (2) Created opportunity: Correct — because it refers to an opportunity generated by entrepreneurial effort or innovation.
- (3) Last opportunity: Incorrect — not a standard classification in business studies.
- (4) None of these: Incorrect — as “created opportunity” is indeed a valid type.
Step 4: Conclusion.
Therefore, among the given options, the correct answer is Created opportunity.