Question

3)During a routine market study conducted by CL Foods, it was noted that Chinese and Indian food products were in high demand in American society. In order to take advantage of such a demand, CL Foods manufactured and sold these food items locally. In this scenario, the company is taking advantage of a _____.
A. market opportunity T/F

Answer 1

Answer:

TRUE

Explanation:

A  market opportunity indicated the Place time or commodity that helps to start or grow a business.

This market opportunity is like a forecast for a particular business to start and grow, when a proprietor gets the market opportunity he will start his business according to market forecast that helps him creating a suitable market for manufacturing commodities .