Feasibility Analysis in Business and Entrepreneurship Quiz

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Questions and Answers

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?

  • 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?

  • 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?

<p>Collecting research from industry experts and focus groups. (D)</p> Signup and view all the answers

Why is it important to conduct feasibility analysis?

<p>To determine if an idea has sufficient merit to become a business early in the process. (C)</p> Signup and view all the answers

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