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NextQ35

The United Nations has declared 2023 as the International Year of Millets. Many startup firms were influenced with this news and have started to create their own version using millets. One such company was 'Young You'; they created a new variety of product using millets which was targeted at the young generation. Which of the following stage of enterprise process has the company followed in the above case?

Introduction to Entrepreneurial OpportunityStudy Simplify SpecialPYQ1MCQAR
Question 34

Assertion (A): The basic test of a successful entrepreneur is the identification of business opportunity in the environment.

Reason (R): In order to be successful an entrepreneur needs to initiate steps to produce and sell goods and services to make the best use of that opportunity.

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