Which of the following ensures a good idea for a business is an actual business opportunity

Question

Conor Chang

Business

20 September, 03:51

Which of the following ensures a good idea for a business is an actual business opportunity

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Answers (1)

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Rebekah Knox · Answer 1

What ensures a good idea for a business is an actual business opportunity?

A unique need or want market wise towards which keenness is shown by a group of customers to buy.

Explanation:

As simplified, a consolidated business investment enabling the buyer for the commencement of a business is known as business opportunity. The seller of business opportunity does not take any control over the business operations of the buyer. Rather, most of the business opportunity programs elucidate that no continuous relationship is established between the seller and the buyer subsequent to the sale of such opportunity.

Business refers to making money for livelihood by means of production or purchase and sale of products such as goods and services. The term is linked to any activity or venture having concerns with profit-making. There is no formality of it being a company, a corporation, partnership, or having formal organization, but it ranges from a single individual to a collective mob.