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Ent 1 Obj 204

Feasibility

QuestionAnswer
Acquisition The process of taking possession of something (e.g., acquiring another business by purchasing it)
Articulate To clearly express
Bias An inclination to have a certain perspective in favor of or against a person, group of people, or thing; prejudice
Business plan A company's blueprint for success; shows how the business works now and how it is intended to work in the future; the written business model
Chain of command The flow of authority within an organization; also known as line of command
Demographics The physical and social characteristics of the population
Feasibility study An organized inquiry into the possible success of a business idea or venture
Fixed costs Business costs that are not affected by changes in sales volume; also known as fixed expenses
Logistics The coordination of how a venture will come to life (workplace, materials, technology)
Market analysis A systematic study of a specific market
Merger Two individuals businesses that combine to form one organization
Operating expenses All of the expenses involved in running a business that are not directly related to production
Organizational chart A graphical representation of the flow of authority within an organization
Production costs Expenses directly associated with the creation of products( e.g., raw materials)
Probability analysis A financial breakdown that allows owners/managers to determine when a business venture will break even or start turning a profit
Revenue income
Startup costs All of the expenses involved in setting up a new business or introducing a new product to the market
Unfeasible Difficult, impractical, impossible
Variable costs Business costs that change according to changes in sales volume; also known as variable expenses
Created by: user-1969130
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