5 Questions
What is the purpose of conducting a feasibility study?
To determine if a business idea is viable and worth pursuing
When should a feasibility analysis be conducted?
During the opportunity recognition stage
What is primary research in the context of feasibility analysis?
Research conducted by the person or persons completing the analysis
What does a feasibility analysis allow ample opportunity for?
Revising, altering, and changing the idea based on feedback and analysis
What does secondary research involve in feasibility analysis?
Conducting research on industry trends and statistics
Test your knowledge on feasibility analysis in business and entrepreneurship with this quiz. Learn about the process of determining if a business idea is viable and why feasibility studies are conducted.
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