When creating a new business,the first step is to:
A)write a business case or plan.
B)acquire financing needed to make the business successful.
C)investigate all existing opportunities.
D)identify a consumer or business need that isn't presently being met.

Question

Quizplus · Accepted Answer

Identifying a consumer or business need that isn't presently being met is the first step in creating a new business. This helps ensure that there is a demand for the product or service being offered, which increases the likelihood of success. Writing a business case or plan, acquiring financing, and investigating existing opportunities are all important steps, but they should come after the need has been identified.

When Creating a New Business,the First Step Is To