ENTREPRENEURSHIP

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INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The first step in determining financials for a feasibility study is to
A
create a budget for start-up costs.
B
estimate operating expenses.
C
list all sources of funding.
D
estimate expected revenue.
Explanation: 

Detailed explanation-1: -During this first step to the feasibility process you may investigate a variety of ways to organize the business and/or to position the product in the marketplace. It is like an exploratory journey and you may take several paths before you reach your destination.

Detailed explanation-2: -Conduct preliminary analyses. Prepare a projected income statement. Conduct a market survey. Plan the organizational structure of the new project. Prepare an opening day balance of projected expenses and revenue. More items •23-Mar-2023

Detailed explanation-3: -Step One: Conduct a Preliminary Analysis. Step Two: Prepare a Projected Income Statement. Step Three: Conduct a Market Survey. Step Four: Plan Business Organization and Operations. Step Five: Prepare an Opening Day Balance Sheet. Step Six: Review and Analyze All Data. More items

Detailed explanation-4: -Analyze Debt Capacity. Calculate Sales Model Adjustments. Determine the Project Timeline. Determine Start-Up Costs. Project Negative Cash Flow. Reality-Check Revenue Expectations. 08-Apr-2022

There is 1 question to complete.
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