BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When you have a feasible business concept, the next step is to develop a/an ____
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business plan
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financial analysis
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feasibility analysis
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industry
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Explanation:
Detailed explanation-1: -The feasibility study is conducted before the business plan. A business plan is prepared only after the business venture has been deemed to be feasible.
Detailed explanation-2: -A feasibility analysis helps you consider the costs and activities required to set up and run a business, and how to make an informed decision about whether to start a business and how to do it.
Detailed explanation-3: -Once you’ve finished developing your Business Concept Statement, you’ll have a useful tool to pursue business partners, investors, lenders, advisors, mentors, peers, and even future employees.
There is 1 question to complete.