RPTM 210 Exam 2 Questions with complete solution RPTM 210 Exam 2
Product - correct answer whats being sold
Location - correct answer picked based on demographics, community environment, and business environment
Management - correct answer successful based on experience / expertise a...
RPTM 210 Exam 2
Product - correct answer ✔whats being sold
Location - correct answer ✔picked based on demographics, community
environment, and business environment
Management - correct answer ✔successful based on experience / expertise
and established/ new markets
Finance - correct answer ✔how to finance a venue
image of a product - correct answer ✔-factors that impact a product/services'
impression on the consumer mind
-developed over time, through theme and experince
market platform - correct answer ✔-summary of key elements of corporate
image and competitive difference
-comprehensive plan including audience, outreach, and appeal
expertise - correct answer ✔high level of knowledge about a field
experience - correct answer ✔practical contact with and observation of
events and occurances
competitive differentiation - correct answer ✔the way companies positively
distinguish themselves from competitors
, Chapter 1- description of the business - correct answer ✔part of feasibility
study describing products and services being offered, history of and status of
the field, and legal form of the business
Chapter 2- regulatory and risk analysis - correct answer ✔part of feasibility
study analyzing rules and regulations to be followed, risk management plan,
and insurance needs
Chapter 3- Location anaylsis - correct answer ✔part of feasibility study
analyzing pro/cons of physical location, and determining if that creates
competitive advantage
Chapter 4- management analysis - correct answer ✔part of feasibility study
analyzing organization and staffing of the business and major operational
consideration
Chapter 5- Market analysis - correct answer ✔part of feasibility study that
researches customers, reduces risks, finds problems and opportunities in the
market
Chapter 6- Financial analysis - correct answer ✔part of feasibility study
analyzing start up, operational costs, and revenue projections
Chapter 7- Feasibility Recommendation - correct answer ✔part of feasibility
study advising to either go for it, make changes, or give up
Financial Sources
personal sources - correct answer ✔savings, property, and assistance from
relatives and friends
recommended to be 10% of financing
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