The Two Primary Issues to Consider in Organizational Feasibility Analysis

question 26

Multiple Choice

The two primary issues to consider in organizational feasibility analysis are management prowess and ________.

• A) market timeliness
• B) concept testing
• C) resource sufficiency
• D) target market attractiveness
• E) total startup cash needed

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Definitions:

Tax

Mandatory financial charge or another type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Competitive Market

A market structure characterized by a large number of buyers and sellers, freedom of entry and exit, and a product that is homogeneous across suppliers, where no single buyer or seller can influence the market price.

Sellers

Individuals or entities that offer goods or services to buyers in exchange for money or other valuable consideration.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net societal welfare loss.