Project Viability: Primary Condition
CMAT 2023 · Innovation & Entrepreneurship · Easy · Innovation & Entrepreneurship
For a project to be viable, the first necessary condition is:
- A.
That it should have a market
- B.
That it should have government support
- C.
That its expected return should be greater than bank rate
- D.
That it should be based on tried and tested technology
Answer
A
Explanation
Without a market demand or target audience willing to pay, no project can be commercially viable.
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