Question: Match the following concepts with the correct description. Viability study Choose... Feasibility study Choose... An in - depth investigation of the market and profit potential
Match the following concepts with the correct description.
Viability study
Choose...
Feasibility study
Choose...
An indepth investigation of the market and profit potential of an idea.
Involves a general examination of the potential which an idea has, to be converted into an enterprise.
Bowtie
Try to satisfy a need among various people, for the same product, by grouping together people with the same need.
diagram
Used to illustrate the possible business activities and consumers of an enterprise, and to help the entrepreneur develop his her business idea.
make a habit of writing down an idea as soon as you have one, even if you feel it is no good.
Other
Be aware of activities that you perform every day, such as going shopping, looking at advertisements or talking to other people.
sources
Yellow Pages, business publications, inventors' associations, expired patents, advertisements and trade shows.
Everyday
activities
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