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

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Definitions:

First-In, First-Served

A service policy by which the requests of customers or the processing of items are attended to in the order that they arrive or are submitted, without other prioritizations.

Queue Discipline

Refers to the rules or policies used to determine the order in which entities (such as people, data packets, or products) are served or processed in a queueing system.

Finite Arrival Population

A scenario in queueing theory where the number of potential arrivals to a system is limited or fixed.

Copy Machines

Devices used for reproducing documents or images by means of photocopying.