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Kishan is a fast food stall owner used to sell his fast food near the office of Wipro. One day he saw a bunch of school students going in a car and eating fast food. He got an idea. Next day he took his stall near a school during the lunch time. A bunch of students came to his stall and purchased fast food. That day Kishan had sold double the quantity he used to sell daily in just two hours. Kishan knew that the school is the perfect place to put his tall and do his business. What element of business opportunity did Kishan identify?
  • a)
    Practicability of idea
  • b)
    Assured market scope
  • c)
    Potential future growth
  • d)
    Competence of the entrepreneur to encash it
Correct answer is option 'B'. Can you explain this answer?
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Kishan is a fast food stall owner used to sell his fast food near the ...
Assured market scope means an entrepreneur knows that he is going to get hundred percent business from a particular opportunity.
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Kishan is a fast food stall owner used to sell his fast food near the office of Wipro. One day he saw a bunch of school students going in a car and eating fast food. He got an idea. Next day he took his stall near a school during the lunch time. A bunch of students came to his stall and purchased fast food. That day Kishan had sold double the quantity he used to sell daily in just two hours. Kishan knew that the school is the perfect place to put his tall and do his business. What element of business opportunity did Kishan identify?a)Practicability of ideab)Assured market scopec)Potential future growthd)Competence of the entrepreneur to encash itCorrect answer is option 'B'. Can you explain this answer?
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Kishan is a fast food stall owner used to sell his fast food near the office of Wipro. One day he saw a bunch of school students going in a car and eating fast food. He got an idea. Next day he took his stall near a school during the lunch time. A bunch of students came to his stall and purchased fast food. That day Kishan had sold double the quantity he used to sell daily in just two hours. Kishan knew that the school is the perfect place to put his tall and do his business. What element of business opportunity did Kishan identify?a)Practicability of ideab)Assured market scopec)Potential future growthd)Competence of the entrepreneur to encash itCorrect answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Kishan is a fast food stall owner used to sell his fast food near the office of Wipro. One day he saw a bunch of school students going in a car and eating fast food. He got an idea. Next day he took his stall near a school during the lunch time. A bunch of students came to his stall and purchased fast food. That day Kishan had sold double the quantity he used to sell daily in just two hours. Kishan knew that the school is the perfect place to put his tall and do his business. What element of business opportunity did Kishan identify?a)Practicability of ideab)Assured market scopec)Potential future growthd)Competence of the entrepreneur to encash itCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kishan is a fast food stall owner used to sell his fast food near the office of Wipro. One day he saw a bunch of school students going in a car and eating fast food. He got an idea. Next day he took his stall near a school during the lunch time. A bunch of students came to his stall and purchased fast food. That day Kishan had sold double the quantity he used to sell daily in just two hours. Kishan knew that the school is the perfect place to put his tall and do his business. What element of business opportunity did Kishan identify?a)Practicability of ideab)Assured market scopec)Potential future growthd)Competence of the entrepreneur to encash itCorrect answer is option 'B'. Can you explain this answer?.
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