The website has the complete lesson note for all the subjects in secondary school but this piece showcases the JSS2 Business Studies Lesson Note on Business Opportunities. You can use the website search button to filter out the subject of interest to you.

CLICK HERE to download the complete Document: DOWNLOAD HERE

TOPIC:  BUSINESS OPPORTUNITIES

CONTENT:

  1. Meaning of Business Opportunity
  2. Types: Local, National, International

Meaning of business opportunity:  This is a chance for a person to start a business, in order to generate income. A business opportunity consists of four integrated elements all of which are to be present within the same time frame (window of opportunity) and most often within the same domain or geographical location, before it can be claimed as a business opportunity. These four elements are:

  1. A need
  2. The means to fulfill the need
  3. A method to apply the means to fulfill the need
  4. A method to benefit

TYPES OF BUSINESS OPPORTUNITIES

  • 1 LOCAL
  • 2 NATIONALS
  • 3 INTERNATIONALS

LOCAL BUSINESS OPPORTUNITY:   This is a business opportunity that can be found in the local 1environment, Example

A man who lives in a village and has a farm with lots of palm trees has a business opportunity to make palm oil, brooms etc from the palm trees and sell them at the local market to generate income. Another man in the riverine  area has the opportunity to catch fish from the rivers and sell them locally to generate income.

NATIONAL BUSINESS OPPORTUNITIES

This   is a business opportunity that enables one to do business outside the shores of his environment or state but within his country. Example

SEE ALSO  Lesson Note On The Farm Structures and Buildings

A man or woman from a state who inherited a very large plot of land can start farming. He can grow a plantation of sugar cane and sell his farm produce to markets in areas outside his state. This will make him a national businessman or businesswoman.

INTERNATIONAL BUSINESS OPPORTUNITY 

Click on the Downloadable Button to get the FULL NOTE

Copyright warnings! Do not copy.

The Secret To Relocate To Canada Without IELTS. Watch The Training Videos For Free.