Asked by Genesis Hernandez on Jul 20, 2024
Verified
Which of the following is one of the most important considerations in selecting a business idea?
A) Making sure no company is currently offering the product/service
B) Ensuring that the idea solely appeals to a niche market
C) Finding something one loves to do and is good at doing
D) Choosing a product/service that is inexpensive to sell
Niche Market
A specialized segment of a larger market, defined by its unique preferences, needs, or identity, often underserved by mainstream providers.
Product/Service
The combination of goods and services offered by a company to meet consumer needs and wants.
Loves to Do
Expresses the enjoyment or passion someone has for engaging in a particular activity or job.
- Comprehend the essential qualities and attributes vital for the achievement in entrepreneurship.
Verified Answer
Learning Objectives
- Comprehend the essential qualities and attributes vital for the achievement in entrepreneurship.
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