Unit 1HO 1-2 (continued)" How
profitable
and competitive
are the
product prices?" What
levels of inventory
will
the business
require?SERVICES
Identify Services
Offered
for Sale" What services
does
the business
provide?" What problems
do the
services solve?" What
makes the services
unique?Define
Service
Economics" What
prices will
the business
charge?"
What costs
are associated
with service
and prices?" Will the
services be
profitable and
competitively
priced?SUCCESS
FACTORSIdentify Reasons
for Potential
Success" What
is new about
your business?"
Why is your
idea better
than others?"
What are
the expected
benefits?Risks
" What factors
may keep
you from
starting the
business?" What
unpredictable
risks must
you watch
for?53