________ Is Conducted to Determine Whether a Proposed Business Has

question 51

Multiple Choice

________ is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.

• A) Industry/market feasibility analysis
• B) Institutional feasibility analysis
• C) Financial feasibility analysis
• D) Organizational feasibility analysis
• E) Product/service feasibility analysis

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Definitions:

Informed Consumer Choice

The ability of a consumer to make a decision based on full information about product benefits, risks, and alternatives.

Contract of Purchase

A legally binding agreement between parties for the sale and purchase of goods, services, or property.

Specific Goods

Items that are identified and agreed upon at the time a contract of sale is made, distinct from generic or interchangeable goods.

Point of Delivery

The specific location or moment when the transfer of goods or services from a seller to a buyer is considered complete.