INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the three key issues in the pre-start-up phase of launching a new business¿
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Finding customers, building a structure, generating positive cash flows
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Testing concept feasibility, developing a business plan, acquiring resources
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Developing a marketing strategy, securing funding, building a team
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Identifying potential competitors, establishing a brand, building a website
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Explanation:
Detailed explanation-1: -The 5 types of feasibility study are Scheduling Feasibility, Operational Feasibility, Legal Feasibility, Economic Feasibility, and Technical Feasibility.
Detailed explanation-2: -Step 1: Research the Business Drivers. In most cases, your project is being driven by a problem in the business. Step 2: Confirm the Alternative Solutions. Step 3: Determine the Feasibility. Step 4: Choose a Preferred Solution. 23-Jan-2015
Detailed explanation-3: -What happens after a feasibility study has been completed and presented? There are three actions that owners/managers can take. They can: Proceed with the venture. Postpone the venture until a more optimal time. Abandon the venture altogether.
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