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 feasibility analysis in the new venture process?
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To create a business plan
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To identify potential customers
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To determine if the business idea is viable
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To secure funding for the business
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Explanation:
Detailed explanation-1: -Feasibility studies help project managers determine the viability of a project or business venture by identifying the factors that can lead to its success. The study also shows the potential return on investment and any risks to the success of the venture.
Detailed explanation-2: -The purpose of the feasibility study is to provide you with the information needed to determine if the proposed business venture is viable.
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