ENTREPRENEURIAL OPPORTUNITIES
FEASIBILITY ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ feasibility analysis is an assessment of the overall appeal of the industry and market for the product or service being proposed.
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Institutional
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Financial
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Organizational
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Product/service
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Industry/target market
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Explanation:
Detailed explanation-1: -Industry/ market feasibility analysis entails an assessment of the overall appeal of an industry and the target market for the prospective business. There are two components this feasibility analysis should cover; industry attractiveness and target market attractiveness.
Detailed explanation-2: -Industry & Target Market Feasibility Analysis Investigate the industry and competitive landscape and identify relevant NAICS industry codes. Identify the target market and potential customers. Conduct more in depth research using a variety of secondary information and data sources.
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