
Chapter 5: Feasibility and Business Planning
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
a tool for organizing important information about a business venture’s competition
Back
Competitive matrix
2.
FLASHCARD QUESTION
Front
The process that tests a business concept; it allows the entrepreneur to decide whether a new business concept has potential
Back
Feasibility analysis
3.
FLASHCARD QUESTION
Front
the means of delivering a service or product directly to the customer, such as via a Web site.
Back
Direct channel
4.
FLASHCARD QUESTION
Front
the federal agency that provides services to small businesses and new entrepreneurs, including counseling, publications, and financial aid.
Back
Small Business Administration (SBA)
5.
FLASHCARD QUESTION
Front
A clear and concise description of a business opportunity. It contains four elements: the product or service, the customer, the benefit, and the distribution.
Back
Business Concept
6.
FLASHCARD QUESTION
Front
A collection of businesses with a common line of products or services.
Back
Industry
7.
FLASHCARD QUESTION
Front
A person who receives value in terms of monetary or other value by circumstances represented in a legal document, i.e., will, insurance policy, etc.
Back
Beneficiaries
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