sujal decided to start a business of manufacturing masks keeping in view its growing demand for during pandemic . identify the function of promoter being described in the above lines
a) identification of a business opportunity
b) feasibility studies
c)name approval
d) preparation of necessary documents
kindly give the correct ans only .
Answers
Answer:
A OPTION IS THE RIGHT ANSHWER
Answer:
The correct answer to the abovementioned question is option A which states, " identification of a business opportunity".
Explanation:
The abovementioned paragraph talks about a guy Sujal who decided to start a business of manufacturing masks. We are aware of the pandemic caused by the Covid-19 virus. We are supposed to wear masks and gloves whenever we are outside to protect ourselves from getting infected.
The demand for masks is naturally high so the supply needs to be at par with the demand or the prices will increase due to the scarcity of masks. Now, if someone starts selling good quality masks, consumers going to buy them cause now it is not a luxury to wear masks, it is mandatory and necessary to wear them. Profit is bound to happen.
Thus, it is a great opportunity to start such a business with a guarantee of profit. Hence, option A is the right answer to the abovementioned question.