Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
The initial spotting of ideas which is of random nature and an experiential process is known as ________.
Options:
Scanned Ideas
Post scanning Ideas
Basic Ideas
Preposterous Ideas
Correct Answer:
Basic Ideas
Explanation:
While the initial spotting of ideas (i.e., basic idea) is of a random nature, the development of ideas after scanning the environment (i.e., post scanning) idea is a more purposeful activity. Thus the former is an experiential process while the latter is a strategic process. All basic ideas have to undergo a vigorous process of examination, evaluation, analysis and synthesis to identify viable opportunities.