FEasib 2

What is the nature of a feasibility study?

• A systematic plan and analysis of the sustainability of a project

• A random analysis of a project's relevant factors

• A one-time assessment of a project's potential

• A study focused only on financial aspects

What is the purpose of a feasibility study?

• Enhance the sustainability of a business endeavor

• Meet the requirements of competitors

• Maximize short-term profits

• Avoid all risks associated with a project

What is a key quality of a good feasibility study?

• Comprehensive

• Biased

• Complex

• Unreliable

What is a limitation of a feasibility study?

• Competitors readily share all data

• Valuable information may not be readily available

• It is always accurate and reliable

• The study is always a guarantee of success

What is the purpose of conducting a SWOT analysis?

• Analyze historical financial data

• Predict future market trends

• Focus on problem areas and potential advantages

• Determine the legal aspects of a project

How can you generate a business idea?

• Avoid considering the needs of potential customers

• Ignore the local business environment

• Rely solely on personal experience

• Learn from successful business owners

What does a business idea tell you?

• How to maximize profits quickly

• How to avoid competition in the market

• Why the business will fail

• Which need your business will fulfill and for whom

What is the purpose of a business plan?

• Explain how the management will deal with risk

• Determine the risk associated with an idea

• Designed after the decision to go ahead has been made

• Are research projects

What is a factor affecting the preparation of a feasibility study?

• Type of Industry

• Number of employees in the company

• Size of the office space

• Location of the business

What is the main objective of identifying a business idea?

• Select the final business idea/option to be evaluated using the feasibility study

• Conduct interviews to collect information

• Generate a list of ideas without evaluation

• Avoid conducting a SWOT analysis