Imagine that you are thinking of starting a home care business for those recovering from illness or requiring home assistance. What research would be appropriate when preparing a feasibility study?
What will be an ideal response?
Talk with a minimum of 50 people including potential customers, relatives, hospitals, and doctors’ offices. Identify barriers, market size, competitors, and willingness to use the service, including potential price points. Determine the legal requirements and liabilities. Assess competitors and determine if there is enough distinction in your service to meet the demand. Determine potential revenue streams (financial services, simple supplies, shopping services). Determine the market size.
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A simple capital structure is one that consists of common stock outstanding and possibly convertible preferred stock
Indicate whether the statement is true or false
The board of directors consists entirely of personal friends of the chief executive officer. This indicates a weakness in
a. the accounting system b. the control environment c. control procedures d. this is not a weakness
In the context of the ACE process, the ________ questions help you develop what to say in a bad-news message whereas the ________ questions focus on how to say it
A) composing; analyzing B) analyzing; composing C) composing; evaluating D) evaluating; composing E) analyzing; evaluating
Companies pursuing a home replication strategy
A. have local subsidiaries that develop unique country-level capabilities. B. have high levels of local market customization. C. often have duplication of manufacturing facilities. D. have loose headquarters control over product strategy. E. usually have low operating costs and high efficiency.