Which of the following is the fundamental reason for creating an opportunity analysis?
A)to obtain financing
B)to negotiate agreements with suppliers
C)to excite potential customers
D)to analyze whether or not to act
E)to work out the details of marketing, finance, and manufacturing

Question

Quizplus · Accepted Answer

The fundamental reason for creating an opportunity analysis is to analyze whether or not to act on a potential business opportunity. It involves evaluating the feasibility and potential profitability of a new venture before committing resources and time. The other options listed (obtaining financing, negotiating agreements with suppliers, exciting potential customers, and working out the details of marketing, finance, and manufacturing) may be outcomes of a successful opportunity analysis, but they are not the primary reason for conducting one.

Which of the Following Is the Fundamental Reason for Creating