Entrepreneurship Feasibility Analysis

Entrepreneurship Feasibility Analysis

5th - 7th Grade

9 Qs

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Entrepreneurship Feasibility Analysis

Entrepreneurship Feasibility Analysis

Assessment

Quiz

Business

5th - 7th Grade

Hard

Created by

Asst. Ayob

Used 16+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ is the process of determining whether a business idea is viable.

Feasibility analysis

Opportunity recognition

Viability analysis

Scenario analysis

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the four areas of feasibility analysis discussed in the textbook?

Product/service feasibility

Financial feasibility

Societal feasibility

Organizational feasibility

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Cynthia Jones recently surveyed 200 of her classmates to get a sense of the demand for a new software product she is working on. Collecting data via a survey you administer yourself is referred to as ________ research.

direct

derivative

primary

secondary

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A feasibility analysis is an assessment of a potential product or service idea rather than a potential business.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) ________ involves showing a preliminary description of a product or service idea to prospective customers to gauge customer interest, desirability, and purchase intent.

concept test

product/service statement

impression test

idea prospectus

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The two components of product/service feasibility analysis are product/service ________ and product/service ________.

value; affordability

demand; timeliness

timeliness; value

desirability; demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A(n) ________ is a group of firms producing a similar product or service. A firm's ________ is the limited portion of the industry that it goes after or to which it wants to appeal.

target market; industry

industry; trade group

competitive group; target market

industry; target market

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ feasibility analysis is an assessment of the overall appeal of the industry and market for the product or service being proposed.

Institutional

Financial

Organizational

Industry/target market

9.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The most important issues to consider in financial feasibility analysis are ________.

resource sufficiency, industry attractiveness, and total startup cash needed

total startup cash needed, financial performance of similar businesses, and the overall financial attractiveness of the proposed venture

target market attractiveness, resource sufficiency, and product/service demand

total startup cash needed, management prowess, and product/service demand