Does It Make Sense? Is It Reasonable? Is It Something

question 17

Multiple Choice

Does it make sense? Is it reasonable? Is it something consumers will get excited about? Does it take advantage of an environmental trend, solve a problem, or fill a gap in the marketplace? These are the types of questions asked during the ________ feasibility component of a complete feasibility analysis.

• A) financial
• B) industry/target market
• C) organizational
• D) concept
• E) product/service

---

Definitions:

Competition

The rivalry among businesses or individuals for resources, recognition, or winning, often drives innovation and improvement.

Collaboration

Working together with one or more people to achieve a common goal, often in a creative and efficient manner.

Avoidance

A conflict management strategy where individuals sidestep or withdraw from potentially contentious or uncomfortable situations.

Meaningful Conversation

An exchange of ideas or dialogue that is impactful, insightful, and fosters a deeper understanding or connection between participants.