ENTREPRENEURSHIP

Detailed explanation-1: -Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy customers’ needs. Businesses can be profit or non-profit organizations that function to gain profits or achieve a social cause.

Detailed explanation-2: -Feasibility analysis involves assessing your new business idea in detail to determine if it will be viable.

Detailed explanation-3: -External stakeholders are groups outside a business or people who don’t work inside the business but are affected in some way by the decisions and actions of the business. Examples of external stakeholders are customers, suppliers, creditors, the local community, society, and the government.