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Ent obj 204
feasibility
| Term | Definition |
|---|---|
| Acquisition | The process of taking possession of something (e.g. acquiring another business by purchasing it) |
| Articulate | To clearly express |
| 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 |
| Fixed Costs | Business costs that are no 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, etc |
| 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 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 ) |
| Profitability 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, or impossible |
| Variable Costs | Business costs that change according to changes in sales volume; also known as variable expenses |