Select the Three Most Appropriate Opportunity Theories Entrepreneurs Use

question 3

Multiple Choice

Select the three most appropriate opportunity theories entrepreneurs use.

• A)Effectuation theory,bricolage theory and eureka moment
• B)Efficiency,effectiveness and productivity theories
• C)Marketisation,gaps in the market and globalisation
• D)Profit,social and public theories

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Definitions:

Reasonable Amount

A quantity or level of something considered to be within sensible limits.

Auction Without Reserve

An auction in which there is no minimum bid required to win the item being auctioned, meaning the highest bidder will win regardless of the bid amount.

Highest Bid

The largest amount of money offered for a good or property in an auction setting.

Uniform Electronic Transactions Act

Legislation that provides legal validity to electronic contracts and signatures, enabling electronic commerce.