Feasibility and Business Planning

A group of businesses with a common interest

A distinctive aspect, quality, or characteristic of a product or service

A document that describes a new business is a

This section looks at the probable risks for the business, and ways to minimize risk.

A tool for organizing important information about the competition

A working model of a new product

Which of the following is not part of a competitive grid?

The channel used to deliver a service directly to the customer with no one in between.

Offers technical and general assistance to entrepreneurs in a specific profession or industry

Which of the following promotes the value of the product or service to the customer?

The means by which you deliver the product or service to the customer.

This establishes the scope and purpose of a company and reflects its values and beliefs. 

A brief recounting of the key points contained in a business plan

A document that describes a new business and a strategy to launch that business

A federal agency that provides services to small businesses and new entrepreneurs.

Which part of the plan looks at the people aspect of a business?

Selling a product to the wholesaler, who then sells the product to the customer

Which of the following helps the entrepreneur decide whether a new business has potential?

Expresses the specific aspirations of a company, the major goals for which it will strive

A ____________ _____________ describes how you intend to make money with your business concept.