BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economic viability.
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Financial feasibility.
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Technical feasibility.
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Managerial competence
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Detailed explanation-1: -Resource sufficiency implies the availability or otherwise of plant and machinery and technical knowledge on how to produce the product.
Detailed explanation-2: -Strategic entrepreneurial marketing has been summarised as the 4Is: identification of target markets, interactive marketing methods, informal intelligence gathering and what is the fourth?
Detailed explanation-3: -analysis is primarily concerned with the identification of the project demand | Course Hero.
Detailed explanation-4: -Usually, entrepreneurs can obtain Provisional Registration Certificate (PRC) during the entity’s pre-establishment period. This helps proprietors to get a provisional proof of existence to raise loans/ purchase assets or hire. PRC is valid for 5 years.
Detailed explanation-5: -The correct answer is Net present value technique may be defined as the Excess of present value of project cash inflows over that of out flows.