THE PURPOSE OF THIS STUDY IS TO ASSESS IF THE RAW MATERIALS AND TECHNOLOGY REQUIRED TO PURSUE A PARTICULAR BUSINESS PROPOSAL ARE EASILY AVAILABLE.
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A feasibility study is an important step in business development. ... Identify whether the product be sold into a commodity market or a ... Estimate the amount of raw materials needed.
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We are asked the purpose of what is the name of the study that is done to find out whether the following particulars are present or not. The name of the study is a feasibility study.
- A feasibility study is done to find out whether the project is feasible enough to be done.
- During this study the people doing the study will find out whether the raw materials and the technology are present in the area that has been chosen for the project.
- This study also helps us in finding out how soon we will break even.
- This study needs to be done before the project is undertaken by the organization.
- Therefore, the correct answer is a feasibility study.
PROJECT CODE:#SPJ3
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