Does It Make Sense? Is It Reasonable? Is It Something

question 74

Multiple Choice

Does it make sense? Is it reasonable? Is it something consumers will get excited about? Does it take advantage of an environmental trend, solve a problem, or fill a gap in the marketplace? These are the types of questions asked during the ________ component of a compete feasibility analysis.

• A) financial feasibility
• B) industry/target market feasibility
• C) organizational feasibility
• D) concept feasibility
• E) product/service feasibility

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Definitions:

Risks

Potentials for loss, harm, or unwanted outcomes associated with certain actions or decisions.

Driving Carefully

A behavioral practice that involves adhering to road safety rules and exercising caution while operating a vehicle to minimize the risk of accidents.

Psychological Health

A state of well-being in which an individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to his or her community.

Well-being

The state of being comfortable, healthy, or happy, encompassing physical, psychological, and social aspects.