Chapter 2 Written Assignment_Logan - 1 Define a feasibility analysis What is it analyzing Feasibility analysis is a study that is made to assist in a

Chapter 2 Written Assignment_Logan - 1 Define a feasibility...

This preview shows page 1 - 2 out of 3 pages.

1. Define a feasibility analysis. What is it analyzing? Feasibility analysis is a study that is made to assist in a decision-making process of the go/no go decision based on a thorough examination of a product or service, the market, the industry, and the financial data. The information that is analyzed includes the market, product/ service, the industry, and financial data. 2. What is a business plan and why do you need one? A business plan is generally a background or backbone of a business it is the thoughts of a business owner and manager idea of a successful business. a business plan helps to give structure to an idea that idea may become difficult to transition but the plan will answer difficult questions that help guide the entrepreneur and developing the business. a business plan allows a reference point for goals and it gives financial and operational goals and measurements it also provides a mission and vision statement that can drive the success and motivate a team. 3. Briefly define and include an example of what would be in each of the following components in the business plan: a. Cover page and table of contents A cover page includes the name of the business and the principles the date contact information and any confidentiality statements, it is sleek and neat and extremely professional as well as eye-catching. A table of contents lays out a detailed description of main concepts so that they can easily be found later on but it isn't too in-depth. b. Executive summary. An executive summary is the hook of a business it tends to catch the eye of investors or it can do the opposite and lose the guest. if the reader doesn't understand the business
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 3 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes