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:

Responsibility

An obligation or duty to perform or complete a task effectively and ethically.

Delegation

The process where authority and responsibility are transferred from one person to another to carry out specific activities while retaining accountability.

Power Bases

The sources of power individuals or groups possess in social and organizational contexts, such as authority, knowledge, experience, and social networks.

Technical Skills

The specific knowledge and abilities required to perform tasks related to technology, engineering, mechanics, or other specialized fields.