module 3

Question 1

two components to product/service feasibility
analysis:

Answer 1

product/service desirability
product/ service demand

Question 2

FEASIBILITY ANALYSIS

Answer 2

Part 1: Product/Service Feasibility
Part 2: Industry/Target Market Feasibility
Part 3: Organizational Feasibility
Part 4: Financial Feasibility

Question 3

two primary issues to consider in this area:

Answer 3

management process
resource sufficiency.

Question 4

The most effective businesses emerge from a process that includes

Answer 4

(1) recognizing a business idea
(2) testing the feasibility of the idea
(3) writing a business plan
(4) launching the business