Feasibility Analysis Quiz

What is the primary purpose of feasibility analysis in business?

• To increase product sales

• To evaluate the viability of a project

• To reduce production costs

• To hire new employees

Which component of feasibility analysis examines the target market and demand?

• Technical feasibility

• Market feasibility

• Financial feasibility

• Organizational feasibility

What does technical feasibility focus on?

• Technical resources and expertise

• Legal and regulatory compliance

• Cost structure and revenue potential

• Market trends and customer demographics

Which feasibility component involves analyzing cost structure and revenue potential?

• Market feasibility

• Technical feasibility

• Legal feasibility

• Financial feasibility

What is the first step in conducting a feasibility analysis?

• Review and decision-making

• Creating an action plan

• Preliminary evaluation

• Detailed research and data collection

What is the final step in the feasibility analysis process?

• Review and decision-making

• Preliminary evaluation

• Detailed research and data collection

• Creating an action plan

How does feasibility analysis help in risk mitigation?

• By increasing market demand

• By identifying potential risks early

• By reducing production costs

• By hiring more employees

What benefit does feasibility analysis provide in terms of decision-making?

• It reduces the need for market research

• It relies on intuition

• It provides data-driven insights

• It guarantees project success

Which company used feasibility analysis before developing the Apple Watch?

• Apple

• Netflix

• Tesla

• Google

Why is feasibility analysis crucial for long-term success?

• It ensures immediate profits

• It avoids costly mistakes

• It eliminates competition

• It guarantees market dominance