Asked by Haley Adams on Jun 06, 2024
Verified
What are the three central characteristics of opportunity?
A) size of the market,level of disposable income of the customer,and access to manufacturing
B) niche appeal,degree of innovation,and knowledge of market
C) affordability,simplicity,and reliability
D) potential economic value,novelty or newness,and perceived desirability
Central Characteristics
The defining qualities, traits, or features that are at the heart of something, such as a concept, organization, or individual's personality.
Opportunity
A way of generating profit through unique, novel, or desirable products or services that have not been previously exploited.
Potential Economic Value
The projected worth or economic benefit that an asset, investment, or business initiative is expected to generate in the future.
- Recognize the characteristics, steps, and value of opportunity recognition in the context of entrepreneurship.
Verified Answer
Learning Objectives
- Recognize the characteristics, steps, and value of opportunity recognition in the context of entrepreneurship.
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