The Two Primary Issues to Consider in Organizational Feasibility Analysis

question 26

Multiple Choice

The two primary issues to consider in organizational feasibility analysis are management prowess and ________.

• A) market timeliness
• B) concept testing
• C) resource sufficiency
• D) target market attractiveness
• E) total startup cash needed

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Definitions:

Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specific time.

Supply

The aggregate supply of a service or good ready for consumer purchase.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Supply Curve

A graph showing the relationship between the quantity of a good that producers are willing to sell and the price of the good.