BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Questions related to industry, customers, product & service requirements, founding team, competition, start up resource needs and the value chain fall under the:(Unit 33-KLO 2-3a)
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Feasibility Analysis
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Business Model
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Business Concept
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Target Market
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Explanation:
Detailed explanation-1: -4 elements of a feasibility analysis There are four main elements that go into a feasibility study: technical feasibility, financial feasibility, market feasibility (or market fit), and operational feasibility.
Detailed explanation-2: -The aim of an industry/ target market feasibility analysis is to assess the overall appeal of the industry and the target market for the proposed business. To determine this you will need to research two things; the industry attractiveness, and target market attractiveness.
Detailed explanation-3: -The correct option is d) Industry attractiveness The feasibility analysis of a target market shows the industry attractiveness of the firm.
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