3)During a routine market study conducted by CL Foods, it was noted that Chinese and Indian food products were in high demand in

Question

1 year ago

6

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

Business

1 answer:

Mars2501 [29] · Answer 1 · 2023-09-21T08:34:09+03:00

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 .