5 Questions
What is the purpose of conducting a feasibility study?
To test a business idea
When in the entrepreneurial process should a feasibility study be conducted?
Before the development of a business plan
What type of research involves data that is already collected?
Secondary research
Why is it better to know early if an idea doesn't have sufficient merit to become a business?
To avoid investing resources in a non-viable idea
What does feasibility analysis allow for as a result of the feedback obtained?
Revision, alteration, and change of the idea
Test your knowledge of feasibility analysis in business and entrepreneurship. Learn about conducting preliminary evaluations of business ideas and determining if they are viable.
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