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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning4 Marks
Question
What is a 'feasibility plan'? Why does the entrepreneur need a feasibility plan?
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Answer

Feasibility plan is a comprehensive plan that encompasses the entire range of activities being planned in the business. It helps to understand the feasibility of the project, the bottlenecks in the progress and implementation.The feasibility plan will help to assess the periodic requirements of these resources and to raise them.
Helps to give the clear picture on the project to financiers to the market and the clients.
It also helps them to execute the project in an organised and systematic manner so that he does not falter at any stage of his development.

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