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Questions and Answers
What is the primary objective of a feasibility study?
What is the primary objective of a feasibility study?
- To create a detailed financial plan for the business
- To determine the feasibility of the proposed business (correct)
- To outline the marketing strategy for the business
- To establish the organizational structure of the business
How does the content and structure of a business plan compare to that of a feasibility study?
How does the content and structure of a business plan compare to that of a feasibility study?
- They are almost the same
- They are completely different
- The feasibility study includes more financial data
- The business plan is more detailed than the feasibility study (correct)
What is the purpose of the 'Introduction' section in a business plan?
What is the purpose of the 'Introduction' section in a business plan?
- To present the general perspective of the business (correct)
- To describe the organizational structure
- To outline the production plan
- To provide a detailed financial analysis
What is included in the 'Environmental Analysis' section of a business plan?
What is included in the 'Environmental Analysis' section of a business plan?
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When is the business plan prepared in relation to the feasibility study?
When is the business plan prepared in relation to the feasibility study?
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