To assess the potential profitability of a venture,the entrepreneur needs to ascertain expected sales and expense figures for the first:

Question

Quizplus · Accepted Answer

To assess potential profitability, it is important to look at expected sales and expenses for a significant time period. A year provides a good amount of data to analyze trends and make financial projections. Looking at only the first month or quarter may not provide enough information to accurately assess profitability. Three years may be too far out to make realistic predictions, as market conditions can change rapidly.

To Assess the Potential Profitability of a Venture,the Entrepreneur Needs