A description of the good or service, an assessment of the opportunity, an assessment of the entrepreneur, and specification of activities and resources needed to translate your idea into a viable business, and your source(s) of capital together make up a(n)
A) value chain.
B) control system.
C) opportunity analysis.
D) business audit.
E) organization chart.

Question

Quizplus · Accepted Answer

The description of the good or service, assessment of the opportunity, assessment of the entrepreneur, and specification of activities and resources needed make up the opportunity analysis, which is essential in determining the viability of a business idea. It also helps in identifying potential sources of funding or capital. Value chain, control system, business audit, and organization chart are important components of a business plan but not specifically related to assessing the viability of a business idea.

A Description of the Good or Service, an Assessment of the Opportunity