Multiple choice

The process used to test a business concept that helps decide whether a business has potential.

  1. feasibility analysis

  2. business plan

  3. industry analysis

  4. business test
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A Correct answer
Explanation

A feasibility analysis is conducted early on to test a business concept, examine market viability, and decide whether a proposed business has real potential before investing heavily. A business plan is a more comprehensive formal document created later.

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