Question

which two actions are important ways to determine the viability of a business opportunity? (choose 2.)
a. review management skill set
b. develop a new product
c. analyze market size
d. disregard competitors

Explanation:

• Option A: Reviewing the management skill set is critical because a business's success depends on the team's ability to execute the opportunity, directly impacting viability.
• Option C: Analyzing market size determines if there is a large enough customer base to support the business, a core factor in assessing viability.
• Option B is an action taken after confirming viability, not a way to determine it.
• Option D is counterproductive, as ignoring competitors leads to poor viability assessments.

Answer:

A. Review management skill set
C. Analyze market size