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 one's idea into a viable business, and one's sources) of capital together make up an)
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 to translate one's idea into a viable business all fall under the category of opportunity analysis. This process is essential in determining the potential success of a business idea and identifying any potential challenges. The sources of capital may be important in starting a business, but they alone do not encompass the full scope of opportunity analysis. The other options (value chain, control system, business audit, organization chart) are not relevant to the initial stage of starting a business and do not encompass all aspects of opportunity analysis.

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