This assignment will receive a completion grade only.

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1. Define Tangible Products.
2. Define Feasibility Analysis.
3. Define Competitive Advantage
4. What is a focus group? 
5. What is the product life cycle?
6. Describe what Risk Tolerance is.
7. What is the income Statement and describe how to use it to manage a business
8. What are some of the legal issues encountered in operating a small business.
9. Why is the debt and equity on the balance sheet important when trying to raise capital in a business?
10. Define in detail the differences between fixed and variable costs.