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Obj 2.04

Determine Feasibility of the Venture Ideas

TermDefinition
acquisition process of taking possession of something
articulate clearly express
business plan company's blue print for success
bias inclination to have certain perspective in favor of or against a person
chain of command flow of authority
demographics physical and social characteristics
feasibility study organized inquiry into the possible success of a venture
fixed costs business costs that are not affected by changes in sales volume
logistics the coordination of how a venture will come to life
market analysis a systematic study of a specific market
merger two individual businesses that combine to form one organization
operating expenses all of the expenses involved in running a business that are not directly associated
organizational chart graphical representation of flow
production costs expenses directly associated with creation of products
profitability analysis financial breakdown that allows owners to determine when business venture will break
revenue income
startup costs all expenses involved in setting up a new business
unfeasible difficult or impossible
variable costs business costs that charge according to changes in sales
Created by: user-1967724
 

 



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