Which of the Following Is not a Strong Method of Identifying

question 17

Multiple Choice

Which of the following is not a strong method of identifying business opportunities?

• A) Searching through a process of identification and selection beginning with self- developed (or group-developed) ideas.
• B) A person has a talent for making something and decides that he or she should go into business.
• C) Searching through a process of identification and selection starting with research on "hot" businesses or growth areas.
• D) A person has an idea for a product or service and searches for a market.

---

Definitions:

Private Goods Consumption

The act of consuming goods that are excludable and rivalrous in nature, meaning they can only be owned or consumed by one party and consumption by one person prevents consumption by another.

Pareto Optimal

A state of allocation of resources from which it is impossible to make any one individual better off without making at least one individual worse off.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of a society, such as public parks and national defense.

Private Consumption

The total amount of goods and services consumed by individuals in a household.