Please no handwriting no copying. What three key areas does a feasibility analys

Question

Please no handwriting no copying.

What three key areas does a feasibility analysis examine a business concept for?

Identify social trends that affect how individuals (and businesses) behave and set priorities; provide examples.

What are the three reasons someone would become an entrepreneur?

In creating a new business, a/an ________ is one that comes from inside you, a hobby or an interest.

Select one:

a. internal opportunity

b. passionate choice

c. compulsion

d. external opportunity

If a business is not making a profit, the entrepreneur knows that ________.

Select one:

a. no one wants to buy the product/service

b. he/she is not making good use of scarce resources

c. people are willing to buy the product/service at high price

d. competition is too great

Explanation / Answer

In creating a new business, a/an internal opportunity is one that comes from inside you, a hobby or an interest.

If a business is not making a profit, the entrepreneur knows that _competition is too great_.

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