BUISENESS MANAGEMENT
BUSINESS PLANNING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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large sales figures
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conservative calculations
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communication skills
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underestimating the need for capital
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Detailed explanation-1: -For industry/market feasibility analysis, there are three primary issues that a proposed business should consider: i. industry attractiveness ii. market timeliness iii. identification of a niche market.
Detailed explanation-2: -Feasibility analysis is the process of determining whether a business idea is viable. It is the preliminary evaluation of a business idea, conducted for the purpose of determining whether the idea is worth pursuing.
Detailed explanation-3: -Feasibility analysis. The process used to test a business concept and determine if it has potential.
Detailed explanation-4: -A feasibility study contains a detailed analysis of what’s needed to complete the proposed project. The report may include a description of the new product or venture, a market analysis, the technology and labor needed, as well as the sources of financing and capital.