BAC106: Feasibility Study

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What is a feasibility study?

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A systematic analysis conducted to determine whether a proposed project, product, or service is viable and realistic.

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What are the main types of feasibility?

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1. Market Feasibility 2. Technical Feasibility 3. Financial Feasibility 4. Operational Feasibility 5. Legal/Regulatory Feasibility.

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What does market feasibility assess?

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It assesses whether the product/service can gain customers through demand analysis, competition, and pricing strategies.

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What is the purpose of a feasibility study in business planning?

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It minimizes risk, guides decision-making, attracts investors, and increases project success rates.

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What are the parts of a feasibility study?

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1. Executive Summary 2. Business Description 3. Market Analysis 4. Technical/Operational Study 5. Organizational & Legal Requirements 6. Financial Study 7. Socio-Economic and Environmental Impact 8. Risk Analysis and Contingency Plan 9. Conclusion & Recommendations.

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What is included in the Executive Summary of a feasibility study?

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A brief overview of the business idea, key findings, and recommendations.

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What does the Market Analysis section of a feasibility study cover?

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It includes demand, competition, target customers, and marketing strategies.

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What is the focus of the Financial Study in a feasibility study?

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It evaluates the financial viability of the business, including capital requirements and projected financial statements.

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What is SWOT analysis?

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A strategic planning tool that examines internal strengths and weaknesses, and external opportunities and threats.

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What are the criteria for idea screening in a feasibility study?

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1. Market potential 2. Financial feasibility 3. Technical feasibility 4. Legal and regulatory compliance 5. Availability of resources 6. Competitive advantage 7. Compatibility with personal and organizational goals.