Which of the Following Is a Tool That Enables Entrepreneurs

question 30

Multiple Choice

Which of the following is a tool that enables entrepreneurs to judge a business venture's potential?

• A)profile analysis
• B)market analysis
• C)feasibility analysis
• D)customer analysis

Understand the role of integration strategies such as backward and forward integration in supply-chain management.

Grasp the importance of inventory management and the impact of the supply chain on a firm's cost strategy.

Recognize the relevance of supply-chain management in service firms and the implications for outsourcing and offshoring.

Appreciate the ethical considerations and challenges in supply-chain management, particularly in a global context.

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Definitions:

Mentally Incompetent

A legal status indicating a person's inability to make decisions or handle affairs because of mental incapacity.

Disaffirmance

The legal right of a party, typically a minor or someone under duress at the time of contract formation, to renounce or void a contract.

Misrepresentation of Age

The act of intentionally providing false information about one's age, typically for the purpose of accessing age-restricted goods, services, or privileges.

Intoxicated

A state of being impaired, typically due to the consumption of alcohol or drugs, affecting one's cognitive and physical abilities.