Final answer:
The question requires knowing how Lovin identified the opportunity for his venture and categorizing The Kollection's startup type described in a specific chapter. Without details from Chapter 3, an accurate answer can't be provided, but generally, if The Kollection is a lifestyle brand, it could potentially be categorized as an innovation-driven startup with the opportunity identified through gaps in the market.
Step-by-step explanation:
The question is asking how Lovin recognized the opportunity for his young venture and which type of startup The Kollection fits into based on Chapter 3 of a specific text or book. Though without specifics about The Kollection or Lovin's approach provided in the text, it's not possible to give an accurate answer to this. However, assuming there is information in the referenced material, here's an example response:
Lovin identified a gap in the market—that could be his recognition of the opportunity. As for the type of startup that The Kollection fits into based on the types mentioned in Chapter 3 of the reference text, this cannot be definitively answered without more context. If The Kollection is indeed a lifestyle brand, it might not necessarily fit into the tech startup or social enterprise category, as it would be more about culture and consumer habits
. It could potentially be an innovation-driven startup if the brand proposes new solutions within the lifestyle domain. The source of the opportunity, as listed in the options, could have been social media trends, feedback, or industry trends. Again, a definitive answer requires specific knowledge about The Kollection's beginnings.