Feasibility & Business Planning

A clear and concise description of an opportunity is the:

• Business Concept

• Feasibility Analysis

• Business Model

• Industry

• Value Chain

The process used to test a business concept is the:

• Business Concept

• Feasibility Analysis

• Business Model

• Industry

• Value Chain

A group of businesses with a common interest is the:

• Business Concept

• Feasibility Analysis

• Business Model

• Industry

• Value Chain

A description of how you intend to make money with your business concept is the:

• Business Concept

• Feasibility Analysis

• Business Model

• Industry

• Value Chain

The distribution channel through which your product or service flows from the producer to the customer is the:

• Business Concept

• Feasibility Analysis

• Business Model

• Industry

• Value Chain

Questions related to industry, customers, product & service requirements, founding team, competition, start up resource needs and the value chain fall under the:

• Feasibility Analysis

• Business Model

• Business Concept

• Target Market

Prototypes can only be used in businesses that serve a product and not a service business.

• True

• False

Investors typically look at the founding team first and the market second because a strong team is what makes the business successful.

• True

• False

How would a business owner protect their product or service?

• Trademarks

• Trade Secrets

• Patents

• Copyrights

• All of the above

Target Customers are those least likely to buy products and services.

• True

• False