A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.
A) idea
B) scheme
C) design
D) proposal
E) opportunity

Question

Quizplus · Accepted Answer

An opportunity refers to a favorable set of circumstances that creates a need for a new product, service, or business. An opportunity arises when there is a gap in the market or an unfulfilled customer need that can be addressed with a new product or service. Opportunities can be identified through market research, trend analysis, and observing consumer behavior. Option A (idea) refers to a thought or suggestion about a possible course of action, but does not necessarily imply a favorable set of circumstances. Option B (scheme) and option C (design) both imply a plan or strategy, but do not necessarily suggest the existence of an opportunity. Option D (proposal) involves presenting a plan or idea to someone else, but does not necessarily refer to a favorable set of circumstances.

A(n) ________ Is a Favorable Set of Circumstances That Creates