Question

What is the relationship between opportunities and Entrepreneurship?

Answer 1

Hey User !

=) Entrepreneurial opportunity develops at the nexus of individual yearnings with monetary and social conditions apparent as great to make another item or administration, either in a current market or another one .

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Answer 2

The relationship between opportunities and entrepreneurship is described below:

• Entrepreneurs are those who have the ability to turn any type of item or thing into a product in order to meet the requirements and desires of customers.
• Any enterprise is completely built on the acquiring of opportunity at the right time.
• When a businessperson notices a problem or issue in the economy, he seizes the opportunity and, using his inventive ideas and intellectual invention, attempts to develop a remedy or product to meet human wants.
• This is possible, however, when market strategy guidance and financial resources are available.
• As a result, opportunities, entrepreneurial skills, support, and resources all come together to help entrepreneurs start a successful business.
• Therefore we can say opportunities are the foundation of each market innovation in this way.