Assessing Business Attractiveness
ICSE · Class 11 · Entrepreneurship
Summary of Assessing Business Attractiveness for ICSE Class 11 Entrepreneurship. Key concepts, important points, and chapter overview.
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Overview
Assessing business attractiveness is a systematic evaluation of a business idea before launch to judge whether it is practical, profitable, sustainable, and able to survive competition. It combines five major analyses: technical analysis, market analysis, financial analysis, organisational analysis,
Key Concepts
Business attractiveness refers to the overall
Business attractiveness refers to the overall potential of a business idea to succeed in the market by generating consistent demand, producing efficie
Technical analysis checks whether a product
Technical analysis checks whether a product or service can be produced and delivered efficiently using the available technology, infrastructure, and o
Market analysis studies the target market
Market analysis studies the target market through demographic analysis, customer pain points, and customer purchasing behaviour. It replaces assumptio
Financial analysis checks whether the business
Financial analysis checks whether the business can generate adequate and sustainable financial returns compared to the investment and risks involved.
Startup costs are the initial expenses
Startup costs are the initial expenses needed to begin business operations. They are classified into fixed costs and variable costs. Fixed costs remai
Learning Objectives
- Understand the meaning and purpose of assessing business attractiveness
- Identify the five major analyses used to study a business idea
- Explain technical requirements, technology selection, product development, prototyping, supply chain, infrastructure, and legal compliance
- Describe market analysis through demographics, customer pain points, and purchasing behaviour
- Explain financial analysis through startup costs, revenue models, break-even analysis, Profit and Loss Statement, and ROI
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