Claire needs to determine the feasibility of a new venture idea. What are three factors that Claire should consider when conducting her feasibility study?

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1. Claire needs to determine the feasibility of a new venture idea. What are three factors that Claire should consider when conducting her feasibility study?

Final consumers. The goal of channels of distribution is to move products from producers to final consumers. Along the way, products may go through channel members known as intermediaries or middlemen. Industrial distributors are a type of intermediary.
Human. As a start-up business grows, a business often needs to obtain additional resources to maximize its growth and efficiency. A resource is any item or person needed to accomplish an objective. People are human resources. When a business needs certain skills to operate, it will hire a person who has the necessary knowledge or ability. Hiring employees is not an example of temporary, analytical, or intangible resources.
Letter of transmittal. The letter of transmittal introduces the report, and it includes the reasons for preparing the report as well as acknowledgements of those who helped in its preparation. The summary is a brief presentation of the findings, which saves time for busy executives who have to read many reports. The body is a detailed presentation of the pertinent facts that have been gathered. The writer's recommendations are simply statements of the writer's opinions.
The venture's staffing needs, raw material needs, and estimated return on investment. Prior to writing a business plan, Claire should conduct a feasibility study of her new venture idea. By analyzing factors such as the venture's staffing needs, raw material needs, and estimated return on investment, she can determine the viability of the business. If, after completing the study, she concludes that the idea will work, she can proceed with the planning and actualization of the business venture. Although she might consider potential competitors' past sales while conducting the feasibility analysis, Claire cannot consider the new venture's past sales—the venture has not been actualized yet, so it has no past sales to consider.

Claire needs to determine the feasibility of a new venture idea. What are three factors that Claire should consider when conducting her feasibility study?

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Claire needs to determine the feasibility of a new venture idea. What are three factors that Claire should consider when conducting her feasibility study?

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know? Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com