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Because, if you do not conduct a proper feasibility study before taking up a new project you wont even know if the project is feasible and can be completed. Taking up such a project is asking for failure to happen.
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Downloadable document on feasibility study on insurance company?
you have to study thefollowing 1- economic feasibility 2- technical feasibility 3-financial feasibility 4-marketingb feasibility
List of Example of a feasibility study for a bakeshop?
a feasibility study on how to start a bakeshop
Definition of feasibility study?
A feasibility study determines whether a business or an individual should pursue their plans. A feasibility study examines whether the plan will be profitable or not.
Why feasibility study important for the business organization?
The biggest mistake that corporate today make is executing a business plan without sound feasibility study. Here is the importance of Feasibility study:Feasibility study mentions all the necessary information to make the business idea clickFeasibility study assists in identifying logistic problems and solutionsThis study assists in designing strong marketing strategies, which inturn convinces a investor or a client by showcasing the worthiness.In short, feasibility study can be considered as a strong foundation of your business plan.
Describe the characteristics of a good feasibility study?
A feasibility study's main goal is to assess the economic viability of the proposed business. The feasibility study needs to answer the question: "Does the idea make economic sense?" The study should provide a thorough analysis of the business opportunity, including a look at all the possible roadblocks that may stand in the way of the cooperative's success. The outcome of the feasibility study will indicate whether or not to proceed with the proposed venture. If the results of the feasibility study are positive, then the cooperative can proceed to develop a business plan.
