An Example of an Idea for a New Startup from a Hobby

question 20

Multiple Choice

An example of an idea for a new startup from a hobby is

• A) a coin collector, who bought and sold coins for years to build a personal collection, deciding to become a coin dealer.
• B) a furniture salesperson seeing the possibility of opening a new furniture store in a different area of the city.
• C) a sharpshooter, who shot holes in a pair of her boyfriend's jeans during an argument, hearing him get complimented on the way they look.
• D) a purposeful exploration to find a new idea.

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Definitions:

Line Managers

Directly contribute to the production of the organisation’s basic goods or services.

Quality Workforce

A workforce that possesses the skills, competencies, and attitudes necessary to perform their roles effectively and contribute to the organization's success.

Independent Unions

Independent unions refer to labor unions that are not affiliated with any larger national or international federation, focusing on representing the interests of employees within a specific organization or industry.

Industrial Relations

The study and management of employer-employee relationships, encompassing issues such as collective bargaining, labor law, and workplace disputes.