Question

discuss how a feasibility study can be used to ascertain whether a business idea is an opportunity

Answer 1

A feasibility study involves the gathering and analysing of information to find out if the business idea is good or not. The study will help you determine if the proposed business idea is something that you can implement based on resources you can access and whether you can be competitive in the market.

PLZ MARK ME AS BRAINLIEST!!!!!!!!!!!

Answer 2

It can be used to ascertain as it helps to evaluate the funds and the timeline needed for a project.

• The research helps to assess whether the proposed company concept is feasible to implement based on available resources and whether it can compete in the market.
• The principle further examines a potential plan's viability in order to assess if it is probable to advance. It also evaluates the costs associated with it.
• Managers must establish if they have adequate personnel, financial resources, and appropriate technology as part of the study.
• It examines the project's administrative and operational framework, ensuring that proponent's structure stated in submittal is appropriate for the activity being conducted.

#SPJ3