Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Jiya is planning to start her pre-school. Which of the following pre-requisites of business opportunity should she primarily consider?

(a) Potential of future growth

(b) There is a good market for the service she is going to provide

(c) The rate of return on the investment is attractive

(d) Huge competition

Choose the most appropriate answer from the options given below :

Options:

(a), (b) and (c) only

(a) and (d) only

(a) and (c) only

(b) and (d) only

Correct Answer:

(a), (b) and (c) only

Explanation:

Elements of business opportunity:

Assured market scope 

An attractive and acceptable rate of return on investment

Practicability of the entrepreneur to encash it 

Competence of the entrepreneur to encash it 

Potential of future growth