Feasibility Study Flashcards
1
Q
What is a feasibility study?
A
A piece of research to find out whether a business will work or not.
It aims to identify the strengths and weaknesses of a plan to see if it should go ahead.
2
Q
Reasons for carrying out a feasibility study.
A
- to find out the viability of the business
- to identify costs
- to source finance
