Asked by Haley Adams on Jun 06, 2024

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What are the three central characteristics of opportunity?

A) size of the market,level of disposable income of the customer,and access to manufacturing
B) niche appeal,degree of innovation,and knowledge of market
C) affordability,simplicity,and reliability
D) potential economic value,novelty or newness,and perceived desirability

Central Characteristics

The defining qualities, traits, or features that are at the heart of something, such as a concept, organization, or individual's personality.

Opportunity

A way of generating profit through unique, novel, or desirable products or services that have not been previously exploited.

Potential Economic Value

The projected worth or economic benefit that an asset, investment, or business initiative is expected to generate in the future.

  • Recognize the characteristics, steps, and value of opportunity recognition in the context of entrepreneurship.
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AB
Angela BenedettiJun 12, 2024
Final Answer :
D
Explanation :
The three central characteristics of opportunity are potential economic value (the opportunity's potential profitability), novelty or newness (the opportunity's originality or uniqueness), and perceived desirability (the opportunity's appeal to the target market). A, B, and C are not the correct answer choices as they do not accurately represent the central characteristics of opportunity.