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Ent 1 Obj 2.04

Feasibility

TermDefinition
Acquisition The process of taling 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 sucess; 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 pyhsical and social charcteristics of the population
Feasibility Study An organized inquiry into the possible success of a business idea or veture
Fixed Costs Business costs that are not affected by changes in sales volume; also know 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 Cost 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 Cost 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 cost that change according to changes in sales volume; also know as variable expenses
Created by: rubi.r152
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