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An entrepreneur has a profitable plan, but local regulations do not permit the proposed activity. What is the correct conclusion?

Answer and explanation

Correct answer: The plan does not satisfy legal feasibility

A business plan must comply with applicable laws as well as meet financial and practical requirements. High expected profit does not make an activity feasible if local regulations prohibit it. Thus, option B is correct; ignoring the rules could result in penalties or closure.

Related tags

Legal FeasibilityRegulatory ComplianceBusiness PlanningIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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