What are the five elements of business opportunity?
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Makeup of a business opportunity. A business opportunity consists of four elements all of which are to be present within the same timeframe (window of opportunity) and most often within the same domain or geographical location, before it can be claimed as a business opportunity. These four elements are: A need.
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Answer:
A business opportunity has five elements which are As follows:
Explanation:
(i) Assured market scope.
(ii) An attractive and acceptable rate of return on investment.
(iii) Practicality of the idea
(iv) competence of the entrepreneur to encash it
(v) Potential if future growth.
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