Factors that aid in determining whether a business opportunity is viable include market size, _____________ manage of cash flow, management skillets, and passion.

Study for the GMetrix Marketing Test. Prepare with flashcards and multiple-choice questions, each question offers hints and explanations. Ensure success with comprehensive study materials for your exam!

Multiple Choice

Factors that aid in determining whether a business opportunity is viable include market size, _____________ manage of cash flow, management skillets, and passion.

Explanation:
Relationships are the missing piece because viability hinges on more than just market size and internal skills. Strong networks with customers, suppliers, partners, lenders, and mentors provide access to markets, resources, and credibility that help turn a promising idea into a workable plan. They can validate demand, open distribution channels, secure favorable terms, and even unlock funding, all of which make managing cash flow and executing the venture much easier. Without solid relationships, even a large market and solid cash-management plans may struggle to gain traction. Location, marketing costs, and employees’ skillsets matter, but relationships uniquely connect you to the opportunities and support needed to move from concept to sustainable operation.

Relationships are the missing piece because viability hinges on more than just market size and internal skills. Strong networks with customers, suppliers, partners, lenders, and mentors provide access to markets, resources, and credibility that help turn a promising idea into a workable plan. They can validate demand, open distribution channels, secure favorable terms, and even unlock funding, all of which make managing cash flow and executing the venture much easier. Without solid relationships, even a large market and solid cash-management plans may struggle to gain traction. Location, marketing costs, and employees’ skillsets matter, but relationships uniquely connect you to the opportunities and support needed to move from concept to sustainable operation.

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