Steps in Feasibility Analysis Process
CMAT 2025 · Innovation & Entrepreneurship · Medium · Feasibility Analysis
Feasibility analysis may be processed as follows:
- Part (i): Proposed business ventures Spending time and resources necessary to move forward with the business idea depends on...
- Part (ii): Evaluation across four key areas: Product/Service Feasibility, Industry/Market Feasibility, Organisational Feasibility, Financial Feasibility.
- Part (iii): Evaluation output: 'Yes' in all four areas vs. 'No' in one or more areas.
- Part (iv): Decision outcome: 'Yes' Process with Business Plan; 'No' Drop or rethink business idea.
Choose the correct option:
- A.
Only part (iii) is correct
- B.
Only part (i), (ii) and (iv) correct
- C.
Only part (i), (ii), (iii) and (iv) correct
- D.
Only part (ii) is correct
Answer
C
Explanation
All four parts (i, ii, iii, and iv) accurately depict the logical flowchart of a standard feasibility analysis process.
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