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Ent 1 Obj 2.04

Feasibility

TermDefinition
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 certain perspective in favor of or against a person , group of people , 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 know 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 know as fixed expensive
logistics the coordination of how a venture will come to life ( workplace,
market analysis a systematic study of a specific market
merger two individual business 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 cost business cost that changes according to changes in sales volume; also know as variable expenses
Created by: user-2014391
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