Podcast
Questions and Answers
What is feasibility analysis in the context of business?
What is feasibility analysis in the context of business?
- Evaluating the financial performance of a company.
- The process of determining if a business idea is viable. (correct)
- Developing a business plan for a new venture.
- Conducting market research for an established business.
Why do we conduct a feasibility study?
Why do we conduct a feasibility study?
- To finalize the business plan.
- To put an idea into test.
- To evaluate the success of an existing business.
- To determine if an idea is worth pursuing and to screen ideas before spending resources on them. (correct)
When should a feasibility analysis be conducted?
When should a feasibility analysis be conducted?
- Before conducting any market research.
- After the development of a business plan.
- During the opportunity recognition stage. (correct)
- After investing in a business idea.
What does primary research involve in feasibility analysis?
What does primary research involve in feasibility analysis?
Why is it important to conduct feasibility analysis?
Why is it important to conduct feasibility analysis?
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