_____ is a favorable set of circumstances that creates a need for a new product, service, or business.

Related MCQs

• …………….incubators seek to commercialize new product or service
• A series of related activities which result in some product or service is called……
• All of the following are suitable questions to ascertain Product/Service Desirability EXCEPT:
• …………………………..entrepreneurs neither introduce new changes nor adopt new methods innovated by others.
• A new venture's business plan is important because  
• A new venture's business plan is important because .
• A new venture's business plan is important because ______.
• A business arrangement where one party allows another party to use a business Name and sell its products or services is known as 
• A business arrangement where one party allows another party to use a business Name and sell its products or services is known
• _____ is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.