Nelson Mandela University Student Portal Quiz Question
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Questions and Answers

What type of study is an in-depth investigation of the potential of an idea to be converted into a small business enterprise?

  • Technical analysis
  • Feasibility study (correct)
  • Financial projection
  • Viability 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 (correct)
  • Financial plan
  • Marketing plan
  • Legal plan
  • Which of the following would not be considered a 'selective vegetable'?

  • Kale
  • Eggplant
  • Tomatoes (correct)
  • Artichokes
  • What is the purpose of a feasibility study in the context of starting a small business?

    <p>To establish whether the idea would create value for the entrepreneur</p> Signup and view all the answers

    Which of the following is NOT a potential product of Home Bush farm, as indicated in the extract?

    <p>Carrots</p> Signup and view all the answers

    Which of the following sections would most likely include a break-even analysis in a business plan?

    <p>Financial plan</p> Signup and view all the answers

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