Which of the following is not an element of business opportunity?

Availability of finance

The correct answer is option (3) - Availability of finance.

A business opportunity may be described as an attractive economic idea which could be implemented to create a business, earn profits and ensure further growth. A business opportunity has five elements which are as follows:

1. Assured market scope 

2. An attractive and acceptable rate of return on investment 

3. Practicability of the idea

4. Competence of the entrepreneur to encash it 

5. Potential of future growth