The Part of the Feasibility Analysis That Addresses the Issue

question 5

Multiple Choice

The part of the feasibility analysis that addresses the issue of intellectual property rights is called the

• A) product/service analysis.
• B) financial needs assessment.
• C) founding team assessment.
• D) industry analysis.
• E) technology assessment.

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Definitions:

Gains from Trade

Gains from trade refer to the increase in consumer and producer surplus that occurs when countries specialize in the production of goods and services in which they have a comparative advantage and then trade with others.

Deadweight Losses

Losses in social welfare, usually measured in terms of lost revenue or surplus, resulting from inefficiencies in a market or the economy.

Taxes

Necessary financial levies or assorted kinds of dues imposed on an individual by a governmental structure to facilitate government finance and numerous public investments.

Deadweight Loss

A decrease in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium state.