ENTREPRENEURSHIP

Detailed explanation-1: -A feasible venture is one in which everyone involved agrees that the financial opportunity is outstanding and the risk of failure is relatively low.

Detailed explanation-2: -resource feasibility is NOT a feasibility analysis criterion.

Detailed explanation-3: -A feasibility study is a preliminary exploration of a proposed project or undertaking to determine its merits and viability. A feasibility study aims to provide an independent assessment that examines all aspects of a proposed project, including technical, economic, financial, legal, and environmental considerations.

Detailed explanation-4: -Project feasibility is the study of a project’s various elements to determine if it has the potential for success. Before a project begins, a company can evaluate the project’s feasibility to identify obstacles, form strategies to overcome them and ultimately attract investors.