INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the purpose of a feasibility study?
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To evaluate the potential success of a business idea
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To develop a marketing strategy
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To raise funds from investors
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To hire employees for a new business
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Explanation:
Detailed explanation-1: -A feasibility study is an important first step in starting a new business. It is a detailed examination of whether or not a proposed business venture is likely to be successful. A feasibility study aims to provide information that will help business owners make informed decisions about their new venture.
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