WorksheetsFeasibility Studies
Total questions: 18
Worksheet time: 18mins
An organized inquiry into the possible success of an idea or venture
operating expenses
Feasibility study
start-up costs
bias
Which of the following is a reason to conduct a feasibility study:
Considering a new product idea
Hiring a new employee
Ordering office supplies
Choosing an advertising slogan
Which of the following is a true statement about feasibility studies:
They are not expensive to conduct.
They are especially important for government projects.
They are used by businesses in every industry.
They are not useful for nonprofit organizations.
Feasibility studies can help owners/managers to determine
What their competitors will do.
Where to find good prices on raw materials.
The best time to start a project or venture.
The best place to recruit new employees.
A feasibility study can form a solid foundation for which of the following business documents:
Business plan
Income statement
Balance sheet
Annual sales report
Hiring a professional to conduct your feasibility study can
Guarantee profit.
Reduce bias
Create demand.
The written description of your proposed venture should be
Be specific/detailed
As short as possible
Completed at the end of the study
Persuasive
The first step in determining financials for a feasibility study is to
Determine start-up costs.
Estimate operating expenses
List all sources of funding
Estimate expected revenue
The final task in the financial section of a feasibility study is performing a(n)
Annual review
Organizational assessment
Estimate of revenues
Profitability analysis
A business’s chain of command can be found in its
Project description section
Market analysis section
Organizational plan section
Technical needs section
The technical needs section of the feasibility study includes information about
Potential profitability
Chain of command.
What is needed to make the work will happen
What the target market wants
Mo's Bows identifies their customers as: Male, Age 20-45, middle to upper-class, living in urban areas. This is an example of?
Demographic Segmentation
Mass market
Wide distribution network
Behavioural segmentation
A systematic study of the market
Organizational chart
Articulate
Start-up Costs
Market analysis
All of the expenses involved in setting up a new business or introducing a new product to the market
Operating expenses
Bias
Start-up costs
Logistics
All of the expenses involved in running a business on a day-to-day basis
Operating costs
Bias
Profitability analysis
Organizationl chart
A graphical representation of the flow of authority within an organization
Operating expenses
Organizational Chart
Acquisition
Logistics
A financial breakdown that determines when a business venture will break even or start earning money
Profitability Analysis
Start-Up Costs
Logistics
Market Analysis
