10 Questions
Which of the following best describes the process of transforming a business idea into a viable business?
Applying the idea at the right time to meet demand
What is the importance of timing in the success of a business idea?
Timing can determine whether a business idea will fail or succeed
Why do Babu and Hari believe that opening a small cafe is their best option?
They have a background and experience in the hospitality industry
What is the role of feasibility and a business plan in selling a business idea?
Feasibility and a business plan can help sell a business idea to interested investors or firms
Where can business ideas be sourced from?
Business ideas can be sourced from different sources
Which of the following is NOT a potential buyer for a viable business idea?
Individual consumers
What is the key factor that can lead to a very profitable business?
Timing of introducing the ideas
What is the role of feasibility and a business plan in selling a business idea?
To attract interested investors
Why does Babu want to spend more time before starting the small cafe business?
To evaluate the feasibility of the cafe business
What is the significance of application and timing in the success of business ideas?
They differentiate between failure and success
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