Question: How can finding a gap in the marketplace create a business opportunity?

How can finding a gap in the marketplace create a business opportunity?

Step by Step Solution

★★★★★

3.32 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Finding a gap in the marketplace is a core part of identifying potential business opportunities Heres how this process can foster new ventures Step 1 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Organizational Behavior Questions!

How can finding a gap in the marketplace create a business opportunity?

How can finding a BNA Portfolio on point with a practitioners tax issue be like hiring someone to do the research?

How can solving a problem create a business opportunity for an entrepreneur to pursue?

2) An entrepreneur starts a fitness center just for women. At the time it was founded, most fitness centers targeted fitness enthusiasts and included a number of amenities, ranging from showers and...

Hi I am doing a project on the integrative case, and would like some assistance. If anyone can please help with the project Making Long Term FM Decisions - Integrative Case Title: Analyzing Long Term...

24. Joojo, Wbo is at heart a craftsperwon, recently started a finm so manufacture whut he believes is the safest and the most versatile chair available. Loopo's desine is so sell his cheir to as many...

The Path to Inclusion: The Business Case for Diversity at Ocean Spray Carol P. Harvey Suffolk University Assumption College, Professor Emerita Diversity and inclusion efforts can be done...

Business Tech Review: Nedbanks Avo super app The Avo by Nedbank app is a super app, which is relatively new in SA. Super apps offer a range of services on one platform, like an aggregator, with a...

Question Supply chain technologies that deliver competitive advantage Facing globalisation, increased product complexity, and heightened customer demands, companies are taking up advanced...

Read the case study and answer you make the call questions Marketing in Action Case e Real Choices at GetFeedback We all know that the world has gone mobile! But how to more fully use the collected...

Kitchener Corporation has followed IFRS and used the accrual basis of accounting for several years. A review of the records, however, indicates that some expenses and revenues have been handled on a...

Refer to Exercise 13.54. a. Formulate a new model using a variable selection procedure with AIC and then BIC as the criterion to select the independent variables. Was there a large difference in the...

Volume of a Sphere ( Level 1 ) Score: 7 / 1 0 Fenalty rone Question What is the volume of a sphere with a radius of 9 . 5 ft , rounded to the nearest tenth of a cubic foot? Answer Almyt ioul of 8 f t...

The following transactions were completed by The Bronze Gallery during the current fiscal year ended December 31: June 6. Reinstated the account of Ian Netti, which had been written off in the...

Boutique Ads Co. produces advertising videos. During the last six months of the current fiscal year, Boutique Ads Co. received the following notes: Instructions1. Determine for each note (a) The due...

Worksheet data for Pisa Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Owners Capital. Use T accounts....

A man initially standing at the point O walks along a pier pulling a rowboat by a rope of length L. The man keeps the rope straight and taut. The path followed by the boat is a curve called a...

Dilution Teardrop Inc., wishes to expand its facilities. The company currently has 10 million shares outstanding and no debt. The stock sells for $50 per share, but the book value per share is $20....

Con base en estas imgenes que te voy a mandar, haz un anlisis de una descripcin actual de las economas de argentina y Alemania \f

c) How would you describe the four areas that a properly executed feasibility analysis explores? d) Analyze how can finding a gap in the marketplace create a business opportunity? e) If you are...

Essentially, entrepreneurs recognize an opportunity and turn it into a successful business. An opportunity is a favorable set of circumstances that creates a need for a new product, service, or...

You are going to identify an opportunity by finding a gap in the marketplace/solving a problem or observing trends and answering the questions below you should answer each question shortly not more...

DCOP Okyere is a police officer at Manhyia Police Station who works mostly the evening shift. He starts work at 4 P.M. and completes his shift at around midnight. He enjoys working out late in the...

Explain how finding a gap in the marketplace can create a business opportunity.

Review Questions 1. What are the three most common sources of new business ideas? Briefly describe how each of the sources spawns potential business ideas. 2. What four environmental trends provide...