Business opportunity - JSS2 Business studies Past Questions and Answers - page 1
What are the elements that make up a business opportunity?
Supply and demand
Feasibility and scalability
Innovation and creativity
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Which type of business opportunity targets a specific local area?
National
International
Local
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What is a characteristic of national business opportunities?
They target a specific local area
They involve expanding beyond national borders
They require strategies to reach a wider audience within a country
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Which type of business opportunity involves serving customers in multiple countries or regions
Local
Local
International
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What is a common element among all types of business opportunities?
Targeting a specific local area
Potential for growth and expansion
Limited market potential
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Can you name two elements that make up a business opportunity?
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Can you name two elements that make up a business opportunity?
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What distinguishes a local business opportunity from national and international ones? Answer
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How might an entrepreneur assess the feasibility of a business opportunity?
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What are some challenges associated with international business opportunities?
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