The Process of Determining Whether an Entrepreneur's Idea Is a Viable

question 67

Multiple Choice

The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business is known as a ________.

• A) business plan
• B) strategic analysis
• C) industry analysis
• D) feasibility analysis

Comprehend the concept of means-ends chain and the flow of objectives in an organization.

Know the characteristics of well-written objectives and the difference between qualitative and quantitative results.

Recognize the significance of realistic goal setting in entrepreneurship and management.

Differentiate between the roles and objectives of different managerial levels within an organization.

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Definitions:

Financially Independent

The situation where an individual has ample personal financial resources to cover their living expenses, eliminating the requirement for active employment to afford basic life necessities.

Having Children

The process or act of conceiving and giving birth to offspring.

Working a Job

The act of being employed in a particular occupation or task for payment.

Theoretical Concepts

Abstract ideas or principles that form the foundation of theoretical frameworks across various disciplines.