6 Questions
What type of study is an in-depth investigation of the potential of an idea to be converted into a small business enterprise?
Feasibility study
Which section of a business plan would include the extract, 'Home Bush farm will focus on the production of tomatoes, peppers and cucumbers in tunnels, and in time will pursue more selective vegetables and the fresh cut flower market'?
Operations plan
Which of the following would not be considered a 'selective vegetable'?
Tomatoes
What is the purpose of a feasibility study in the context of starting a small business?
To establish whether the idea would create value for the entrepreneur
Which of the following is NOT a potential product of Home Bush farm, as indicated in the extract?
Carrots
Which of the following sections would most likely include a break-even analysis in a business plan?
Financial plan
This quiz question is part of the EB121 Semester Test Two on the Nelson Mandela University student portal. It involves analyzing the potential of an idea to be transformed into a small business enterprise and determining its value for the entrepreneur.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
