The Two Components of Product/service Feasibility Analysis Are Product/service Demand

question 62

Multiple Choice

The two components of product/service feasibility analysis are product/service demand and:

• A) product/service desirability
• B) management prowess
• C) target market attractiveness
• D) resource sufficiency
• E) financial performance of similar businesses

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Definitions:

Collections

The process of pursuing and receiving payments owed to a business from its customers or debtors.

Postage Stamps

Adhesive paper evidence for payment of postage, used to indicate that the postage fee for sending an item through the postal service has been paid.

Accountant

A professional who manages, audits, and analyzes financial records and transactions for individuals, businesses, and organizations.

Ledger

A-book or digital record that summarizes and categorizes all financial transactions of a business during an accounting period.