Apart from assured market scope and potential of future growth , what is the other element of Business opportunity?
Answer & explanation
Correct answer: option 3
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: • Assured market scope • An attractive and acceptable rate of return on investment • Practicability of the idea • Competence of the entrepreneur to encash it • Potential of future growth