The correct answer would be, Opportunity.
Grace is the owner of a local trinket shop. A successful global company approached her about selling its product in her shop. Grace knows this product and company can help her exceed her existing goals. Selling candles is an Opportunity for Grace.
Explanation:
If an individual or company gets a chance to do something, then this is called as the opportunity. The opportunity is always considered better for an individual or the company.
For example, when a person who owns a trinket, (which is the small ornament which has a little value), gets a chance to sell the product of a company which operates internationally or globally, then this would be considered an opportunity for the small business owner. By selling a globally recognized product at your shop, the likelihood of sale of your own product is increased. So Grace would be really happy to sell candles of other company at her shop, as this would be an opportunity for her.
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Selling candles is an opportunity for Grace.
A business opportunity has to do with sales of any product that allows the buyer to start a business. A business opportunity is typically different from franchises because the business opportunity seller won’t be able to dictate or have any control over the buyer’s business activities.
In the given scenario, the global company won’t have any control over Grace’s business and it would benefit Grace because she could realize enough money from selling the company’s product and channel it to develop her business as well. Grace won’t have to bother herself on promotion since the candle is from a global company and can as well sell the product under any name.
Some of the common types of business opportunities include:
Therefore, selling candles is a business opportunity for grace.
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