Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
While assessing the market, __________ advancements in the field have to be analysed because they may change the quality and influence the cost and price ultimately.
Options:
Political
Social
Ecological
Technological
Correct Answer:
Technological
Explanation:
Market assessment will require a study of prevailing innovations and changes being carried out by existing entrepreneurs. Technological advancements in the field have to be analysed because they may change the quality and influence the cost and price ultimately.