TEC Assessment 3 Answer Key 2026 Identifying Business Opportunities. Complete all assessments before appearing in TEC Final Exam. All 10 Assessments are prerequisites to participate in the tec final exam. As you complete all your TEC Assessments and final exam, you can apply for Common Service Centre.
In this article, we are providing you with TEC Assessment 3 namely Identifying Business Opportunities. You can complete your telecentre entrepreneur course assessment by reading or downloading the pdf. Identifying Business Opportunities Assessment No. 3 Questions and Answers pdf.
| TEC Module Name | TEC Assessment Link |
|---|---|
| Entrepreneurship | TEC Assessment No. 1 Questions and Answers |
| Entrepreneurship and Entrepreneurial Character | TEC Assessment No. 2 Questions and Answers |
| Identifying Business Opportunities | TEC Assessment 3 Answer Key |
| Understanding Cost Structures | TEC Assessment 4 Answers |
| Long Term Orientation | TEC Assessment 5 Answers |
| Recording Business Transactions | TEC Assessment 6 Answers |
| Basic Financial Terms | TEC Assessment 7 Answer Key |
| Accounting and Business Reporting | TEC Assessment 8 Answers |
| Marketing Education Handling Questions & Concerns | TEC Assessment 9 Answers |
| Marketing Education Value | TEC Assessment 10 Answer Key |
TEC Assessment 3 Answer Key 2026 Identifying Business Opportunities
Table of Contents
Ques No. 1: Is every idea a possible opportunity? рдХреНрдпрд╛ рд╣рд░ рд╡рд┐рдЪрд╛рд░ рдПрдХ рд╕рдВрднрд╛рд╡рд┐рдд рдЕрд╡рд╕рд░ рд╣реИ?.
- TRUE рд╕рд╣реА
- FALSE рдЧрд▓рдд
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Ques No. 2: Why do we need to evaluate an idea? рд╣рдореЗрдВ рдПрдХ рд╡рд┐рдЪрд╛рд░ рдХрд╛ рдореВрд▓реНрдпрд╛рдВрдХрди рдХрд░рдиреЗ рдХреА рдЖрд╡рд╢реНрдпрдХрддрд╛ рдХреНрдпреЛрдВ рд╣реИ? .
- To know whether customers will buy the end product of an idea. рдпрд╣ рдЬрд╛рдирдиреЗ рдХреЗ рд▓рд┐рдП рдХрд┐ рдЧреНрд░рд╛рд╣рдХ рдХрд┐рд╕реА рд╡рд┐рдЪрд╛рд░ рдХреЗ рдЕрдВрддрд┐рдо рдЙрддреНрдкрд╛рдж рдХреЛ рдЦрд░реАрджреЗрдВрдЧреЗ рдпрд╛ рдирд╣реАрдВред
- To know whether the entrepreneur will make profits out of an idea. рдпрд╣ рдЬрд╛рдирдиреЗ рдХреЗ рд▓рд┐рдП рдХрд┐ рдЙрджреНрдпрдореА рдХрд┐рд╕реА рд╡рд┐рдЪрд╛рд░ рд╕реЗ рд▓рд╛рдн рдХрдорд╛рдПрдЧрд╛ рдпрд╛ рдирд╣реАрдВред
- To know whether the entrepreneur can make a valuable product out of an idea. рдпрд╣ рдЬрд╛рдирдиреЗ рдХреЗ рд▓рд┐рдП рдХрд┐ рдХреНрдпрд╛ рдЙрджреНрдпрдореА рдПрдХ рдореВрд▓реНрдпрд╡рд╛рди рдЙрддреНрдкрд╛рдж рдХреЛ рдПрдХ рд╡рд┐рдЪрд╛рд░ рд╕реЗ рдмрд╛рд╣рд░ рдХрд░ рд╕рдХрддрд╛ рд╣реИред
- All of the above. рдКрдкрд░ рдХреЗ рд╕рднреАред

Ques No. 3:How to identify whether an idea is a opportunity or not? рдХреИрд╕реЗ рдкрд╣рдЪрд╛рдиреЗрдВ рдХрд┐ рдПрдХ рд╡рд┐рдЪрд╛рд░ рдПрдХ рдЕрд╡рд╕рд░ рд╣реИ рдпрд╛ рдирд╣реАрдВ?.
- An idea needs to be valuable рдПрдХ рд╡рд┐рдЪрд╛рд░ рдХреЛ рдореВрд▓реНрдпрд╡рд╛рди рдмрдирд╛рдиреЗ рдХреА рдЖрд╡рд╢реНрдпрдХрддрд╛ рд╣реИ
- An idea needs to fulfil the need of a customer. рдПрдХ рд╡рд┐рдЪрд╛рд░ рдХреЛ рдПрдХ рдЧреНрд░рд╛рд╣рдХ рдХреА рдЖрд╡рд╢реНрдпрдХрддрд╛ рдХреЛ рдкреВрд░рд╛ рдХрд░рдиреЗ рдХреА рдЖрд╡рд╢реНрдпрдХрддрд╛ рд╣реИред
- Both are correct. рджреЛрдиреЛрдВ рд╕рд╣реА рд╣реИрдВред
- Neither is correct. рди рд╣реА рд╕рд╣реА рд╣реИред
Ques No. 4: An idea is defined as the content of cognition рдПрдХ рд╡рд┐рдЪрд╛рд░ рдХреЛ рдЕрдиреБрднреВрддрд┐ рдХреА рд╕рд╛рдордЧреНрд░реА рдХреЗ рд░реВрдк рдореЗрдВ рдкрд░рд┐рднрд╛рд╖рд┐рдд рдХрд┐рдпрд╛ рдЧрдпрд╛ рд╣реИред.
- TRUE рд╕рд╣реА
- FALSE рдЧрд▓рдд
Ques No. 5: Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge рд╕рдлрд▓ рдЙрджреНрдпрдорд┐рддрд╛ рдХреЗ рд▓рд┐рдП рддрдХрдиреАрдХреА рдЬреНрдЮрд╛рди рдФрд░ рдмрд╛рдЬрд╛рд░ рдЬреНрдЮрд╛рди рдХреЛ рд╕рдВрддреБрд▓рд┐рдд рдХрд░рдиреЗ рдХреА рдХреНрд╖рдорддрд╛ рдХреА рдЖрд╡рд╢реНрдпрдХрддрд╛ рд╣реЛрддреА рд╣реИ.
- TRUE рд╕рд╣реА
- FALSE рдЧрд▓рдд
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Ques No. 6: Upfront capital and R& D requirement costs should be high while evaluating whether an idea is an opportunity or not. рдПрдХ рд╡рд┐рдЪрд╛рд░ рдПрдХ рдЕрд╡рд╕рд░ рд╣реИ рдпрд╛ рдирд╣реАрдВ, рдореВрд▓реНрдпрд╛рдВрдХрди рдХрд░рддреЗ рд╕рдордп рдЕрдкрдлреНрд░рдВрдЯ рдХреИрдкрд┐рдЯрд▓ рдФрд░ рдЖрд░рдПрдВрдбрдбреА рднрд░реНрддреА рд▓рд╛рдЧрдд рдЕрдзрд┐рдХ рд╣реЛрдиреА рдЪрд╛рд╣рд┐рдПред.
- TRUE рд╕рд╣реА
- FALSE рдЧрд▓рдд
Ques No. 7: An electrician observed that grocery stores in his area are running successfully and wanted to open one too. He opened one but was not able to make any profits. Why? рдПрдХ рдЗрд▓реЗрдХреНрдЯреНрд░реАрд╢рд┐рдпрди рдиреЗ рджреЗрдЦрд╛ рдХрд┐ рдЙрдирдХреЗ рдХреНрд╖реЗрддреНрд░ рдореЗрдВ рдХрд┐рд░рд╛рдиреЗ рдХреА рджреБрдХрд╛рди рд╕рдлрд▓рддрд╛рдкреВрд░реНрд╡рдХ рдЪрд▓ рд░рд╣реА рд╣реИ рдФрд░ рдПрдХ рднреА рдЦреЛрд▓рдирд╛ рдЪрд╛рд╣рддрд╛ рд╣реИред рдЙрд╕рдиреЗ рдПрдХ рдХреЛ рдЦреЛрд▓рд╛, рд▓реЗрдХрд┐рди рдХреЛрдИ рд▓рд╛рдн рдирд╣реАрдВ рдХрд░ рдкрд╛рдпрд╛ред рдХреНрдпреВрдВ рдХрд░?
- An electrician observed that grocery stores in his area are running successfully and wanted to open one too. He opened one but was not able to make any profits. Why? рдПрдХ рдЗрд▓реЗрдХреНрдЯреНрд░реАрд╢рд┐рдпрди рдиреЗ рджреЗрдЦрд╛ рдХрд┐ рдЙрдирдХреЗ рдХреНрд╖реЗрддреНрд░ рдореЗрдВ рдХрд┐рд░рд╛рдиреЗ рдХреА рджреБрдХрд╛рди рд╕рдлрд▓рддрд╛рдкреВрд░реНрд╡рдХ рдЪрд▓ рд░рд╣реА рд╣реИ рдФрд░ рдПрдХ рднреА рдЦреЛрд▓рдирд╛ рдЪрд╛рд╣рддрд╛ рд╣реИред рдЙрд╕рдиреЗ рдПрдХ рдХреЛ рдЦреЛрд▓рд╛, рд▓реЗрдХрд┐рди рдХреЛрдИ рд▓рд╛рдн рдирд╣реАрдВ рдХрд░ рдкрд╛рдпрд╛ред рдХреНрдпреВрдВ рдХрд░?.
- The electrician did not realize that they were already three successful grocery stores in his area and there was no need for another one in his area. рд▓реЗрдХреНрдЯреНрд░реАрд╢рд┐рдпрди рдиреЗ рдорд╣рд╕реВрд╕ рдирд╣реАрдВ рдХрд┐рдпрд╛ рдХрд┐ рд╡реЗ рдкрд╣рд▓реЗ рд╕реЗ рд╣реА рдЕрдкрдиреЗ рдХреНрд╖реЗрддреНрд░ рдореЗрдВ рддреАрди рд╕рдлрд▓ рдХрд┐рд░рд╛рдиреЗ рдХреА рджреБрдХрд╛рди рдереЗ рдФрд░ рдЙрдирдХреЗ рдХреНрд╖реЗрддреНрд░ рдореЗрдВ рдПрдХ рдФрд░ рдПрдХ рдХреА рдЖрд╡рд╢реНрдпрдХрддрд╛ рдирд╣реАрдВ рдереАред
- Both are correct рджреЛрдиреЛрдВ рд╕рд╣реА рд╣реИрдВ
- Neither is correct. рдирд╣реАрдВ рд╕рд╣реА рд╣реИред
Ques No. 8: The market should be large and growing while evaluating whether an idea is an opportunity or not. рдПрдХ рдореВрд▓реНрдпрд╛рдВрдХрди рдПрдХ рдЕрд╡рд╕рд░ рд╣реИ рдпрд╛ рдирд╣реАрдВ, рдЗрд╕рдХрд╛ рдореВрд▓реНрдпрд╛рдВрдХрди рдХрд░рддреЗ рд╕рдордп рдмрд╛рдЬрд╛рд░ рдмрдбрд╝рд╛ рдФрд░ рдмрдврд╝рдирд╛ рдЪрд╛рд╣рд┐рдПред.
- TRUE рд╕рд╣реА
- FALSE рдЧрд▓рдд
Ques No. 9: Cash flows simply put is the difference between the cash that flows in and cash that flows out рдХреИрд╢ рдлреНрд▓реЛ рдХреЗрд╡рд▓ рдЙрд╕ рдирдХрджреА рдХреЗ рдмреАрдЪ рдХрд╛ рдЕрдВрддрд░ рд╣реИ рдЬреЛ рдкреНрд░рд╡рд╛рд╣ рдореЗрдВ рдмрд╣рддреА рд╣реИ рдФрд░ рдирдХрджреА рдЬреЛ рдмрд╛рд╣рд░ рдмрд╣рддреА рд╣реИред
- TRUE рд╕рд╣реА
- FALSE рдЧрд▓рдд
Ques No. 10: The venture/ business should be of high strategic value to a potential acquirer. рдПрдХ рд╕рдВрднрд╛рд╡рд┐рдд рдЕрдзрд┐рдЧреНрд░рд╣рдгрдХрд░реНрддрд╛ рдХреЛ рдЙрджреНрдпрдо / рд╡реНрдпрд╡рд╕рд╛рдп рдЙрдЪреНрдЪ рд░рдгрдиреАрддрд┐рдХ рдореВрд▓реНрдп рдХрд╛ рд╣реЛрдирд╛ рдЪрд╛рд╣рд┐рдП
TRUE рд╕рд╣реА
FALSE рдЧрд▓рдд
Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge.
Many people have technical knowledge and neat ideas based on their technical knowledge
But do they address an opportunity? Is the idea needed right now or later?
There may be many ideas for businesses and we need to think of these
- Of all the things that are possible, which are the ones where the difference between what customers will pay and what it will cost to make is the greatest?
- The more unique the opportunity more is the pay-off if it is implemented properly