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Viability Study
A Viability study is an in depth investigation of the profitability of the business idea to be converted into a business enterprise.Nieuwenhuizen, C., Le Roux, E.E. and Jacobs, H., (2004). Entrepreneurship and how to establish your own business. 2nd Edition, Juta, Pretoria, RSA. Feasibility report This type of report studies a situation (for example, a problem or opportunity) and the plan for doing something about it, then determines whether that plan is "feasible". This would involve determining whether it is technologically possible to achieve and whether it is practical in the current technological, economical and social scenario. The feasibility report does not provide a simple "Yes" or "No" answer, but is used in the analysis of a decision. It is not just a tool to provide a recommendation, it is also used to gather data and give reasoning behind the recommendation given, to be later used in evaluation. This study is the most important especially to people who plan to start th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit (accounting)
Profit, in accounting, is an income distributed to the ownership , owner in a Profit (economics) , profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use. Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the Stakeholder (corporate), stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economics , economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context. Measurement of profit There are several important profit measures in common use. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Idea
A business idea is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money. An idea is the first milestone in the process of building a successful business. The characteristics of a promising business idea are: * Innovative * Unique * Problem solving * Profitable *understandable A business idea is often linked to its creator who needs to identify the business's value proposition in order to launch to market and establish competitive advantage. A business idea is the first spark of Entrepreneurship. Meaning of innovation For businesses, this could mean: creating new ideas, new product development through research and development, or improving existing services. Innovation can be the central focus of a business and this can help them to grow and become a market leader if they execute their ideas properly. Businesses that are focused on innovation are usually more efficient, cost-effective, and productive. Successfu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Analysis
Analysis ( : analyses) is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though ''analysis'' as a formal concept is a relatively recent development. The word comes from the Ancient Greek ἀνάλυσις (''analysis'', "a breaking-up" or "an untying;" from ''ana-'' "up, throughout" and ''lysis'' "a loosening"). From it also comes the word's plural, ''analyses''. As a formal concept, the method has variously been ascribed to Alhazen, René Descartes (''Discourse on the Method''), and Galileo Galilei. It has also been ascribed to Isaac Newton, in the form of a practical method of physical discovery (which he did not name). The converse of analysis is synthesis: putting the pieces back together again in new or different whole. Applications Science The field of chemistry uses analysis in thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continuum Of Choice
Continuum may refer to: * Continuum (measurement), theories or models that explain gradual transitions from one condition to another without abrupt changes Mathematics * Continuum (set theory), the real line or the corresponding cardinal number * Linear continuum, any ordered set that shares certain properties of the real line * Continuum (topology), a nonempty compact connected metric space (sometimes Hausdorff space) * Continuum hypothesis, the hypothesis that no infinite sets are larger than the integers but smaller than the real numbers * Cardinality of the continuum, a cardinal number that represents the size of the set of real numbers Science * Continuum morphology, in plant morphology, underlining the continuum between morphological categories * Continuum concept, in psychology * Continuum mechanics, in physics, deals with continuous matter * Space-time continuum, any mathematical model that combines space and time into a single continuum * Continuum theory of specific he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |