Answer to Question #134244 in Management for Geneveve Cloete

Question

Use the extract to discuss how a feasibility study can be used to ascertain whether a business idea is an opportuinity.

Answer 1

Feasibility study takes into account all the project's relevant factors, including legal, economic, technical, social, and scheduling considerations. A thorough analysis of such factors can help in establishing whether the business idea is an opportunity or not.