Industry's Long term health is determined by the degree to which favor of the industry. environmental and business external environment and business. Q internal environment and business Onone of the above An individual who is involved in existing business is called. Entrepreneur Intrepreneur O Team player Leader The goal of effective cash management a financial management financial statements Onone of the above Among the following, which statement defines the characteristic of an attractive industry:" Industry should be young rather than old Industry should be growing rather than shrinking Industry should be fragmented rather than concentrated all of the above Measurement of overall potential of different industies is referred to as Industry profits cluster attractiveness industry attractiveness Otarget market attractiveness. Entrepreneurs are Risk takers. is to raise money and use it in yielding highest rate of returns. trends are moving in Innovative Team player CALL of the above. Business plan helps the entrepreneur to acquire Working capital Clear road map O strategic decisions Operational mgmt All of the above Format that is usually used to prepare business plan for an investor Full business plan. Summary plan Operational business plan. Business plan Works best for companies that are very early in their development Full business plan Summary plans Operations plan Business plan In an entreprenurship journey which factor has an important role Competition analysis i Team management Market growth. Investment ALL of the above A group of firms producing a similar product or service. New venture team Target market Characteristics of attractive industries Industry Information gather to learn about competitors is referred to as competitive intelligence Competitive analysis. competitive advantage. competitve information Probes data that is already collected. The data generally includes industry studies, Census Bureau data, analyst forecasts etc" Resource sufficient Osecondary research. Concept test primary research Conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch" Approaches to assessing product demand Financial feasibility analysis Industry/ Target Market feasibility GOrganizational feasibility analysis Intrapreneur refer to Individual owner There is always a risk associated with a new business venture True False One can become an entrepreneur at any age with require skills. True False In issues pertaining to total start-up cash, financial performance of similar businesses and the overall financial attractiveness of the proposed is discussed." product/service feasibility analysis O financial feasibility analysis Coragnizational feasibility analysis. industry feasibility analysis. An entrepreneur must ensure Financial viability. Execution plan Market segments Production stages An assessment of the overall appeal of the product or service being proposed. Feasibility analysis template Industry/ Target Market feasibility Product/Service feasibility analysis Approaches to assessing product demand O refers to projections for expected performance in future periods. pro forma financial statements historical financial statements current financial statements Onone of the above. An entrepreneur works for Organziation Social company Gout agency None of the above To affirm that the proposed product or service is desireable and serves a need in the marketplace Approaches to assessing product demand four components of feasibility analysis Components of Product/Service desirability Product/Service feasibility analysis The following factors leads to venture failure Poor market research. Poor financials