Answer to Question #232736 in Management for Another you

Question

Answer the following.

1. What does a feasibility study contains?

2. If you will have a business, will you conduct a feasibility study before starting your own business knowing that it also cost money? Why? Explain your answer.

Answer 1

1.      Feasibility study is used to evaluate several alternatives or methods of achieving business success. It contains market study, financial study, technical study, conclusion and recommendation.

2.      I think is important to conduct feasibility study before the start of the business because it helps to evaluate the financial, human, and technological resources needed before the start of the business and also helps to reveal the number of both skilled and unskilled workers to be employed.