Entrepreneurs look at five basic ways of opportunity for business ideas. Which is not one of those five?

Question

Quizplus · Accepted Answer

The five basic ways of opportunity for business ideas are developing a new product, serving an existing market in a new way, finding a new market for an existing product, producing a product more cheaply, and finding new ways to use existing technology. Raising prices in an existing market is not one of the five basic ways.

Entrepreneurs Look at Five Basic Ways of Opportunity for Business