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Explain why an entrepreneur must be diligent to spot product opportunities.
An entrepreneur must be diligent in identifying new business opportunities. He must be able to identify the needs of the market and the need to modify an existing product or introduce a new product. The entrepreneur must be willing to innovate so that the market needs can be made with the help of a product opportunity.
For instance during the time of real cameras entrepreneurs were able to identify the need for digital cameras. This was a product opportunity which was triggered by innovation.
NO HANDWRITTEN OR COPIED ANSWERS PLEASE Explain why an entrepreneur must be diligent to spot product...
NO HANDWRITTEN OR COPIED ANSWERS PLEASE Why is flexibility important in an entrepreneur?
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NO HANDWRITTEN OR COPIED ANSWERS PLEASE Provide an example of how political and regulatory trends resulted in a new business, product, or service opportunity.
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