Question

Which of the following is a type of opportunity?

• A. Existing opportunities in the environment
• B. Created opportunity
• C. Both (A) and (B)
• D. None of these

Hint:

Opportunities may be discovered in the environment or created through innovation.

Answer 1

The Correct Option is C

Step 1: Meaning of opportunity.
An opportunity is a favorable condition that helps a business grow, expand, or gain advantage in the market.
Step 2: Types of opportunities.
- Existing opportunities in the environment: These are natural chances available in the external environment, such as rising demand for electric vehicles.
- Created opportunities: These are generated by the company itself through innovation, research, and creative marketing.
Step 3: Option analysis.
- (A) Existing opportunities: Correct but incomplete.
- (B) Created opportunities: Correct but only partial.
- (C) Both (A) and (B): Correct, because opportunities can exist naturally or be created by entrepreneurs.
- (D) None of these: Wrong, since (C) is correct.
Step 4: Conclusion.
Both existing and created opportunities are valid types of opportunities.