The three ways to identify an opportunity include observing trends, solving a problem, and finding gaps in the marketplace.

Question

Quizplus · Accepted Answer

This statement is true. Observing trends can help identify potential opportunities before they become mainstream, solving a problem can lead to the creation of a product or service that meets consumers' needs, and finding gaps in the marketplace can reveal areas where there is little to no competition, presenting an opportunity for new businesses to enter the market.

The Three Ways to Identify an Opportunity Include Observing Trends