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Questions and Answers
What is the main purpose of identifying a market niche for a proposed business?
In the context of feasibility analysis, what does 'management expertise' refer to?
What key factor is evaluated in financial feasibility analysis?
Which aspect is NOT considered during the evaluation of organizational competence?
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What does 'small enough to avoid initial direct head-to-head competition with industry leaders' imply about identifying a market niche?
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What question is raised in the context of organizational feasibility analysis regarding resources?
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When considering financial feasibility, what does 'the financial performance of similar businesses' help evaluate?
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In the ideation process, what is essential in determining whether a proposed business has sufficient feasibility?
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What is one of the considerations when evaluating financial feasibility regarding the total start-up capital needed?
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What is NOT typically evaluated in financial feasibility analysis?
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