Asked by Cassandra Randall on May 26, 2024
Verified
Knowing the difference between a good idea and a real opportunity is vital for would-be entrepreneurs.
Real Opportunity
A tangible chance or prospect that has significant potential for positive outcomes or benefits.
Would-be Entrepreneurs
Individuals who aspire to establish and manage their own business, often in the process of developing their ideas and acquiring necessary resources.
- Identify the differences between fallacies and facts concerning the availability of resources, entrepreneurship control, and opportunity detection.
Verified Answer
NM
Natalia MalecMay 31, 2024
Final Answer :
True
Explanation :
This statement is true. Having a good idea is one thing, but it may not necessarily translate into a viable business opportunity. Entrepreneurs must evaluate if their idea has market potential and if there is a demand for their product or service.
Learning Objectives
- Identify the differences between fallacies and facts concerning the availability of resources, entrepreneurship control, and opportunity detection.
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