Questions and Answers
What is the primary purpose of conducting a feasibility analysis?
To assess the management expertise and resource sufficiency
Why do most start-ups focus on a smaller target market initially?
To avoid head-to-head competition with industry leaders
What does financial feasibility analysis primarily evaluate?
The total start-up cash needed and the financial attractiveness of the proposed business
Why is First Screen called 'First Screen'?
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What are the two primary issues considered in organizational feasibility analysis?
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What is the primary purpose of feasibility analysis?
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When should a feasibility analysis be conducted?
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What are the two components of product/service feasibility analysis?
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What is a concept statement in the context of feasibility analysis?
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What are the two techniques for determining the likely demand for a product or service?
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