ENTREPRENEURSHIP

Detailed explanation-1: -A feasibility study allows a business to address where and how it will operate, its competition, possible hurdles, and the funding needed to begin. The business plan then provides a framework that sets out a map for following through and executing on the entrepreneurial vision.

Detailed explanation-2: -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.

Detailed explanation-3: -Solution: Q 1: B-To see if there are possible barriers to success is the answer. An entrepreneur must do a feasibility study for starting a new venture to assess the risks and rewards of a business before they create a complex business plan.

Detailed explanation-4: -To analyse the risks that may be faced.

Detailed explanation-5: -Before starting a business, a feasibility study will enable you estimate the financial, human and technological resources that will be needed to ensure the successful launching of the business. Feasibility study helps to reveal the number and level of skill or unskilled workers to be employed and their salary scale.