The importance of feasibility study cannot be overemphasized as it          *1 pointprovides comprehensive details about the business to determine if, and how it can succeed, and serve as a valuable tool for developing a good business plandoes not list in details all the things you need to make the business works.does not identify logistical and other business related problems and solutions.does not serve as a solid foundation for developing your business plan.

A feasibility study is simply an assessment of the practicality of a proposed project plan or method. This is done by analyzing technical, economic, legal, operational and time feasibility factors. Just as the name implies, you’re asking, “Is this feasible?” For example, do you have or can you create the technology that accomplishes what you propose? Do you have the people, tools and resources necessary? And, will the project get you the ROI you expect?

Your business analysts work with you in developing a situation statement. There is also a feasibility study conducted simultaneously. What is the purpose of the feasibility study? Select an answer:to determine the impact of the proposed solutions on company financesto determine the likelihood that proposed solutions can be realizedto determine the most appropriate of the proposed solutions

Feasibility studies primarily assess:Group of answer choicesEmployee satisfactionThe practical viability of a business ideaThe current market leader's strategyPersonal interests of the entrepreneur

The following except ________ is a component of feasibility study. *1 pointExecutive SummaryProduct/ServiceAcquisitionTechnology

Why should an entrepreneur do a feasibility study before starting a new venture?*1 pointTo identify possible sources of fundsTo see if there are possible barriers to successTo estimate the expected salesTo explore potential customers