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 :
Answer & explanation
Correct answer: option 1
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