If Your Feasibility Study Suggests to You That Your New

question 3

Multiple Choice

If your feasibility study suggests to you that your new business venture is not viable, the next step is to:

• A) Hire someone to work on the financial aspects of your plan to make the business viable.
• B) Find investors to raise capital for the equipment and fixtures you will need when you open.
• C) Create a lean business plan to convince the bank to lend you money.
• D) Re-evaluate your concept, market, etc., with the hope of salvaging some of the viable aspects of your business prospect.

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Definitions:

Private Charity

Voluntary giving by individuals or organizations to those in need, without government intervention or assistance.

Government Intervention

Actions taken by a government to influence the economy beyond its basic functions, such as regulation, subsidies, and tax policies.

Taxes

Mandatory financial charges or levies imposed by a government on individuals or entities to fund public expenditures.

Human Life

The existence of an individual human being, from birth to death, including all experiences and actions.