Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

entrepreneurship Requirement 3 : Assessment of vour product idea and feasibilitv analvsis 7. Growth potential of the market (will the customers' number increase or decrease

entrepreneurship
image text in transcribed
image text in transcribed
Requirement 3 : Assessment of vour product idea and feasibilitv analvsis 7. Growth potential of the market (will the customers' number increase or decrease by time? Explain) (0.25 point) 8. The industry you are entering (may be more than one) (0.25 point) 9. Is the industry you are entering new or old? Growing or mature? (0.25 point) 10. competitors (are there other companies offering similar product ideas? What are the customers you are targeting using right now before offering your product?) ( 0.25 point) 11. Management team (skills needed to run your company and make the product available to customers) (0.25 point) 12. Resources (list of non-financial resources needed to be prepared before starting the business) (0.25 point) 13. Your company's Startup costs (provide a number explaining how it was estimated? Where are you planning to get it?) (0.25 point) 14. Financial performance of similar businesses (startup costs, running costs, revenue) ( 0.25 point)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Other Assurance Services

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

10th Canadian Edition

0131296159, 978-0131296152

More Books

Students also viewed these Accounting questions

Question

Understand the purpose and methods of cross-cultural training

Answered: 1 week ago