ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In projecting growth levels, investors will be impressed by ____
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large sales figures
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conservative calculations
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communication skills
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underestimating the need for capital
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Explanation:
Detailed explanation-1: -One of the most critical stages of the entrepreneurial process is the development and testing of a business concept. The concept is tested by means of an analytical tool known as feasibility analysis, which tests the product/service, the customer, the benefits, and the distribution in the marketplace.
Detailed explanation-2: -The proper time to conduct a feasibility analysis is early in thinking through the prospects for a new business. The thought is to screen ideas before a lot of resources are spent on them.
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