A feasibility study is mainly done to:, Advertise a product, Check if a project is practical and successful, Hire employees, Which of the following is a source of knowledge for preparing a feasibility plan?, Watching movies, Doing research, Listening to podcasts, Which part of the feasibility plan gives a brief description of the business and industry?, Financial plan, Market research, Introduction, In the introduction, the entrepreneur should:, Explain the production process, Introduce the business idea and company name, Calculate profit, The production process explains:, Customer opinions, Steps needed to produce the final product, Advertising strategies, Which of the following is considered a resource?, Materials, Equipment, Human labor, All of the above, The financial plan mainly focuses on:, Product design, Money needed for the business, Customer opinions, Which of the following is an example of a financial plan expense?, Rent, Advertising posters, Business logo, Breakeven happens when:, The company closes, Sales cover all costs and expenses, The company hires employees, After breakeven, the money earned from sales is considered:, Loss, Tax, Profit, Market research is considered the:, Least important part of the plan, Most expensive part, Most important part of the plan, Entrepreneurs create market research to:, Decorate their business, Learn about the market and competitors, Which of the following is part of market research?, Checking if the product is in demand, Painting the store, Choosing uniforms, The 4-Ps of marketing include:, Product, Price, Place, Promotion, Product, People, Profit, Plan, Price, People, Product, Profit, The 4-Cs of marketing include:, Customers, Cost, Convenience, Communication, Customers, Capital, Company, Cost, Communication, Company, Customers, Capital, Customer convenience refers to:, Making products colorful, Choosing a place that is easy for customers to access, Hiring more employees, Promotional techniques are used to:, Reduce product quality, Communicate the value of the product, Increase production cost.

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