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Question
you want to open a print shop that sells t-shirts and other products
which two factors should you consider in deciding if your idea is a good business opportunity? (choose 2.)
note: you will receive partial credit for each correct answer
a high demand for product
b short-term profitability
c market saturation
d use of renewed technology
- High demand for the product ensures there are customers willing to purchase the t-shirts and related items, which is a core factor in evaluating business viability.
- Short-term profitability helps assess if the business can generate returns quickly to sustain operations in the initial phase, which is critical for a new retail venture.
Market saturation would signal a poor opportunity, as it means the market is already full of competitors. Use of untested technology is not a necessary factor for evaluating a basic retail t-shirt shop opportunity.
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A. High demand for product
B. Short-term profitability