Question

Examine the sources from where business ideas emerge.

Answer 1

Answer:

The various sources which lead to the emergence of basic ideas. (i) Problems: When a problem exists, an idea leads to a solution to resolve that problem, emerges as a business opportunity. (ii)Change: A change in social, legal, technological aspects etc.

Answer 2

THE SOURCES FROM WHERE BUSINESS IDEAS EMERGE ARE:-

• Problems:- The solution to a problem is frequently picked up as a golden opportunity.
• Change:- Any sort of social, legal, change such as technological, business political, etc., push in new opportunities, for instance, Health care centres in the current world.
• Environment trends:- The main source of business ideas is changing environmental trends. The most vital trends are economic trends, social trends, technological progress, and political effort and regulatory differences. Changes in these regions often contribute to the motivation for new business ideas.
• Inventions:- These encompass modern things of value and creative processes that enhance value to the already prominent brands or products.
• Competition:- It encompasses establishing new things of value as well as new and productive processes that add value to the prevailing products or services.

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