Entrepreneurial opportunities
A) present the potential for a firm to leverage existing products or services into new markets.
B) present risk to the firm and should be avoided.
C) are conditions contrary to a firm's established strategy and segments served.
D) are conditions in which new goods or services can satisfy a need in the market.

Question

Quizplus · Accepted Answer

Entrepreneurial opportunities refer to the new goods or services that can satisfy a need in the market, creating a chance for a firm to innovate and create a competitive advantage. It is not about leveraging existing products or services, nor is it about presenting a risk to the firm. Furthermore, entrepreneurial opportunities are not necessarily contrary to a firm's established strategy and segments served as they can be aligned with a firm's mission and vision.

Entrepreneurial Opportunities