Question

Question No. 4: Define and explain the concept of Idea Assessment. Why the idea assessment has key importance in determining the date of any new business. Also explain the process of idea assessment through idea sketch pad. Choose any two businesses of your choice (from different sectors) and develop an idea sketch pad for both the businesses individually and explain.​

Answer 1

Answer:

Explanation:

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.