A(n)________ includes a description of the good or service, an assessment of the opportunity, an assessment of the entrepreneur, a specification of activities and resources needed to translate the idea into a viable business, and your source(s)of capital.
A)SWOT analysis
B)situational assessment
C)opportunity analysis
D)PERT chart
E)organization chart

Question

Quizplus · Accepted Answer

A comprehensive analysis of a business idea will require an assessment of the opportunity that the idea presents, including an assessment of the entrepreneur who will be responsible for turning the idea into a viable business. This analysis will specify the activities and resources needed to make the idea a reality and will identify potential sources of capital that might be available to support the venture. While a SWOT analysis, situational assessment, PERT chart, and organization chart might be useful tools for a comprehensive analysis of a business idea, only an opportunity analysis will address all of the elements listed in the question.

A(n)________ Includes a Description of the Good or Service, an Assessment