If your feasibility study suggests to you that your new business venture is not viable, the next step is to:
A) Hire someone to work on the financial aspects of your plan to make the business viable.
B) Find investors to raise capital for the equipment and fixtures you will need when you open.
C) Create a lean business plan to convince the bank to lend you money.
D) Re-evaluate your concept, market, etc., with the hope of salvaging some of the viable aspects of your business prospect.
Correct Answer:
Verified
Q20: Which of the following is considered an
Q21: If the business carries an inventory of
Q22: A feasibility study can help a potential
Q23: Non-cash accounting entries that may show up
Q24: The debt-to-equity ratio is an example of
Q26: The break-even point is affected by several
Q27: Briefly outline the key information that must
Q28: The break-even point indicates the level of
Q29: Many new businesses take several months or
Q30: If a business's net sales are $200,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents