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Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity5 Marks
Question
Explain any six steps which help in identifying a feasible product or process.
✓

Answer

Steps to identify a feasible product:-
  1. Product or service identification.
  2. Application and use.
  3. Level of operation.
  4. Cost.
  5. Competition.
  6. Technical complexity.
  7. Annual turnover and profit margin.

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