Which of the Following Is the Purpose of an Opportunity

question 122

Multiple Choice

Which of the following is the purpose of an opportunity analysis?

• A) to obtain financing
• B) to negotiate agreements with suppliers
• C) to excite potential customers
• D) to specify resources needed to translate an idea into a viable business
• E) to work out the details of marketing, finance, and manufacturing

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Definitions:

Retail Market

A marketplace where goods and services are sold directly to consumers, typically involving transactions of smaller quantities.

World Supply

Refers to the total amount of a particular good or service that is available for purchase on the global market.

Futures Market

A financial market where participants can buy and sell contracts for the delivery of assets at a future date, often used for hedging and speculation.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices.