Identify a true statement about the process of generating business ideas.
A)Potential business owners must now become personally involved in their new ventures, and they should look at it as a purely financial endeavor.
B)Individuals should quickly exploit opportunities they identify before competitors can identify the same gaps.
C)Entrepreneurs should limit themselves to generating business ideas based on their education and work experience.
D)After analysis, the opportunity identified might be very different from the business idea initially conceived.

Question

Quizplus · Accepted Answer

It is true that after conducting analysis of an opportunity, the resulting business idea may differ from the original conception. This is because analysis can reveal new information or challenges that were not initially considered. The other statements are not true; potential business owners should not view their new venture as purely financial, individuals should not rush to exploit opportunities without proper analysis, and entrepreneurs should not limit themselves to generating ideas solely based on their education and work experience.

Identify a True Statement About the Process of Generating Business