Answer ALL questions from this section.

1. Feasibility analysis is conducted after the business model is developed.

True or False

1. An entrepreneur can only recognize opportunities through personal experience.

True or False

1. A business model describes how a business creates, delivers, and captures value.

True or False

1. Market research is only useful for established businesses, not startups.

True or False

1. A business plan is a static document that doesn't require updates.

True or False

1. The target market for a product or service should be as broad as possible.

True or False

1. Risk aversion is a common trait among successful entrepreneurs.

True or False

1. Competitive advantage refers to being better than competitors in all aspects.

True or False

1. Scalability refers to the ability of a business to handle growth and increased demand.

True or False

1. A feasibility analysis focuses on the financial aspects of a business opportunity.

True or False