An idea turns into a business opportunity when:

Question

BlackTom AI · Accepted Answer

The question asks: An idea turns into a business opportunity when:
Option 1: it is a quality product. While quality is important, a great product alone does not guarantee a business opportunity unless there is demand and a path to commercial viability.
Option 2: people like the product. Popularity or liking is not sufficient by itself to create an opportunity; there must be a market need and a potential for revenue, profits, and scalability.
Option 3: it can be made cheaply. Low production cost can help margins, but without demand or a viable market, a low-cost product may still fail to become a business opportunity.
Option 4: it has commercial potential and meets a need. This combines market demand with the ability to generate revenue and profits, representing the core criteria for transforming an idea into a business opportunity.
In short, the essence of a business opportunity lies at the intersection of solving a real need and having a viable path to commercial success, rather than merely having quality, popularity, or low cost in isolation.

KSB-111-003.2025F Exam #2 - KSB 111 (Liederman)

An idea turns into a business opportunity when:

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