Which of the Following Is Not a Part of Assessing

question 35

Multiple Choice

Which of the following is not a part of assessing the product/service feasibility of a business idea?

• A) buying intentions survey
• B) gumshoe research
• C) library research
• D) analyzing industry attractiveness
• E) concept test

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Definitions:

Personal Benefits

Are advantages or favorable outcomes that accrue directly to an individual as a result of their actions or decisions.

Public Sector

The part of the economy composed of both public services and public enterprises, owned and operated by the government.

Public Choice Analysis

A study that applies economic principles to political science, focusing on the behavior of voters, politicians, and government officials.

Incentives

Designed mechanisms or motivators that encourage specific behaviors or actions by offering rewards or consequences.