5 Questions
What is feasibility analysis in the context of business?
The process of determining if a business idea is viable.
Why do we conduct a feasibility study?
To determine if an idea is worth pursuing and to screen ideas before spending resources on them.
When should a feasibility analysis be conducted?
During the opportunity recognition stage.
What does primary research involve in feasibility analysis?
Collecting research from industry experts and focus groups.
Why is it important to conduct feasibility analysis?
To determine if an idea has sufficient merit to become a business early in the process.
Test your knowledge of 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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