Why are feasibility studies more important? - Vidyadip

Question

Why are feasibility studies more important?

✓

Answer

Features of feasibility studies:

A feasibility study is a process in which an idea is studied to see if it is "feasible," that is, if and how it will work.
A comprehensive feasibility study looks at the entire structure, needs, and operations of a business.
A limited or project feasibility study looks at one specific task, program, idea, or problem.
A feasibility study looks at both sides, considering advantages and disadvantages, and troubleshoots potential problems.
A feasibility study is not a business plan, but serves as a foundation for developing a business plan.
A market feasibility study is not a marketing plan, but studies markets and market potential, and can be used to support or develop a marketing plan.
In addition to a business plan, an investor or lending institution may require the submission of a feasibility study before considering the request for capital.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "5 Marks Question" from Entrepreneurship Journey→Entrepreneurship Journey — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Discuss the enterprises which comes under the category of being an SSI units.

Discuss the steps involved in conducting the market survey.

What is Vertical Expansion? Explain.

Enumerate the characteristics of social entrepreneurs.

Discuss the components of external environment of a business at micro level.

Explain the various misconceptions and realities related to a business idea.

What is meant by Primary source of information? Explain the method of collecting primary data.

Discuss the role and importance of mentoring.

Discuss the factors that determine the amount of working capital required by an enterprise.

Mr. Varun started an enterprise of shoes and other footwear, with an Cash balance of are one lakh rupees and a bank balance of fifty thousand rupees.

On 4th December, 2013, he purchased shoes and sandles worth ₹ 15,000.
gth December, 2013 Adda Enterprises paid a cheque of ₹ 12,000 for buying stock on a large extend in the previous month.
On 12th December, 2013 bought cabinet and extra furniture worth ₹ 20,000.
On 13th December, 2013 sold shoes worth ₹ 30,000.
On 14th December, 2013 sold sandles worth ₹ 10,000.
On 16th December, 2013 sold sleepers worth ₹ 10,000 and cheque received.
On 18th December, 2013 purchased slippers and sandles from Bombay Shoes co. worth ₹ 20,000.
On 19th December, 2013 paid carriage ₹ 300.
On 28th December, 2013 paid rent ₹ 15,000 (by cheque).
On 29th December, 2013 paid salary to workers of 7,000.
On 30th December, 2013 half amount paid through cheque to Bombay Shoes co.
On 30th December, 2013 Deposited in bank ₹ 5000.