CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship Journey4 Marks
Question
Give the distinct features of feasibility study.
✓
Answer
Features of Feasibility Study: The features possessed by a feasibility study are as follows:
A feasibility study is a process in which an idea is studied to see if it is 'feasible', that is, if and how it will work.
A comprehensive feasibility study looks at the entire structure, needs and operations of a business.
A limited or project feasibility study looks at one specific task, programme, idea or problem.
A feasibility study looks at both sides considering advantages and disadvantages, and troubleshoots potential problems.
A feasibility study is not a business plan, but serves as a foundation for developing a business plan.
A market feasibility study is not a marketing plan, but studies markets and market potential, and can be used to support or develop a marketing plan.
In addition to a business plan, an investor or lending institution may require the submission of a feasibility study before considering the request for capital.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.