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Entrepreneurship: Chapter 5 Flashcards | StudBud

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Group of businesses with a common interest. (ex. financial, retail, health, automotive)

Clear and concise description of an opportunity.

Entrepreneurship: Chapter 5

5 terms·StudBud Administration·33 plays

Entrepreneurship course, chapter 5, Feasibility and Business Planning

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Questions 5

Answers

1
Clear and concise description of an opportunity.
business opportunity
business concept
business product
business idea
2
Group of businesses with a common interest. (ex. financial, retail, health, automotive)
group
industry
occupation
interest area
3
Used to determine initial feasibility of an idea & determine if business concept has potential.
initial data collection
business statement
feasibility analysis
benefit survey
4
Promotes or enhances the value of the product or service to the customer.
bonus
selling point
benefit
added value
5
Distinctive aspect, quality, or characteristic of a product or service.
value
feature
statement
item