30 Questions
What is the primary purpose of conducting a feasibility analysis?
To screen new business ideas before significant resources are spent on them
Which of the following is NOT a component of a properly conducted feasibility analysis?
Operational Feasibility
Which of the following is NOT a key element of Product/Service Feasibility?
Product/service cost structure
Which of the following is a key element of Industry/Target Market Feasibility?
Industry attractiveness
What is the primary focus of Organizational Feasibility?
Evaluating the management team's capabilities
Which of the following is NOT a key element of Financial Feasibility?
Projected market share of the new product or service
What does the concept of resource sufficiency pertain to?
An assessment of whether an entrepreneur has sufficient resources to launch the proposed venture
Which of the following is NOT listed as an example of a critical non-financial resource for launching a new business?
Availability of venture capital funding
What is the purpose of the financial feasibility analysis?
To provide a preliminary financial assessment as part of the overall feasibility analysis
Which of the following is NOT listed as an example of a critical non-financial resource?
Access to a strong marketing budget
What is the primary focus of the resource sufficiency assessment?
Determining whether the entrepreneur has the necessary non-financial resources to successfully launch the business
What is the primary purpose of the financial feasibility analysis?
To serve as the final component of a comprehensive feasibility analysis
How can the demand for a product or service be assessed through online tools?
Administering surveys
Which of the following is NOT mentioned as an online tool to assess product demand?
Analyzing Facebook likes
Where can surveys be generated and easily administered according to the text?
Survey Monkey
What is the purpose of utilizing Google Trends to assess product demand?
To see if a search term is trending upwards or downwards
Why are surveys most effective according to the text?
To validate information from face-to-face interviews
How can Q&A sites like Quora and Bright Journey help in assessing product demand?
By posing questions to gather insights from responses
What are the characteristics of attractive industries according to the text?
Young rather than old, early in their life cycle, fragmented rather than concentrated, growing rather than shrinking
What plays a significant role in determining the attractiveness of an industry?
The degree to which environmental and business trends are moving in favor of the industry
Which type of industries are not considered attractive according to the text?
Industries that are crowded
What distinguishes attractive industries from unattractive ones concerning the product or service sold?
'Must-have' products rather than 'want-to-have' products
Which of the following is a characteristic of attractive industries related to profitability?
High operating margins
What is a characteristic of unattractive industries related to the life cycle?
Late in their life cycle
According to the information provided, which of the following is NOT a financial factor associated with promising business opportunities?
Inability to forecast income and expenses accurately
What is the purpose of the 'First Screen' template mentioned in the text?
To determine the initial feasibility of a business idea
During the feasibility analysis stage, how is the extent to which a business opportunity is positive relative to each financial factor determined?
Based on an estimate
Which of the following is NOT mentioned as a financial factor associated with promising business opportunities?
High profit margins
According to the information provided, what is the purpose of a feasibility analysis?
To determine the overall financial attractiveness of a proposed venture
Based on the information provided, which of the following statements is TRUE?
The availability of an exit opportunity for investors is a financial factor
Learn about the timing and components of conducting a feasibility analysis for a new business venture. Explore the importance of evaluating ideas early to avoid wastage of resources and the four key components of a properly conducted feasibility analysis.
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