§-Quick questions
QLDBusinessUnit 1: Business creation
Quick questions on Business planning and feasibility analysis (QCE Business Unit 1)
4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is feasibility analysis?Show answer
A feasibility analysis is conducted before or alongside the plan to test whether the idea is genuinely viable. It examines four dimensions.
What is q1?Show answer
State two purposes of a business plan. [2 marks]
What is q2?Show answer
Describe three components of a business plan and explain what each contributes. [6 marks]
What is q3?Show answer
Explain how feasibility analysis reduces the risk of business failure. Use an example. [4 marks]
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