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Feasibility and Business Planning Flashcards | StudBud

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Feasibility and Business Planning

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Questions 12

Answers

1
A distinctive aspect, quality, or characteristic of a product or service
benefit
want
feature
concept
2
Vision for a business is simply
B. based on your value system
C. what you see your business becoming
A. being able to see
Both B and C
3
A clear and concise description of a business opportunity.
vision
business idea
vision statement
business concept
4
Which are examples of types of savings plans?
All are types
CD
Money Market
Regular savings account
5
The means by which a product or service is delivered to a customer
business concept
channel
distribution channel
internet
6
One section that is not in the business plan is
B. executive summary
A. management team plan
D. feasibility plan
C. marketing plan
7
A mission
B. is the same as a vision
D. a and b
C. is something achievable
A. is the same as a goal
8
A good business concept statement does not mention
C. distribution
B. benefit
A. money
D. customer
9
Sources of information for the business plan include
C. SBA
A. SBDCs
D. all of the above
B. trade associations
10
The customer who is most likely to buy.
target customer
desired customer
feature
11
A feasibility analysis answers the questions
C. What is my marketing plan?
B. What conditions will allow me to go forward?
D. a and b
A. how much money do I have?
12
The process that tests a business concept
competitive grid
market test
market analysis
feasibility analysis