Question

Considering that the entrepreneurial process is opportunity-driven, in which of the following circumstances is there a possibility of greater opportunity?
A. When there are greater gaps in available information and knowledge

B. When there are greater consistencies in existing services and quality

C. When there are fewer inconsistencies in lead and lag times

D. When there is less robustness of the gross and net margins

Answer 1

Answer:

A. When there are greater gaps in available information and knowledge

Explanation:

• As the entrepreneurial process is based on the opportunity seekers and risky takers they will have a greater opportunity in places where there is a greater inconsistency with the existing services and the quality.

• They can develop a innovate plans of actions that can create a new set of techniques which they can apply and solve gaps and lags in the system.