Question
Why are feasibility plans considered essential?

Answer

Feasibility plans are considered essential due to the following reasons:-
  1. It helps the entrepreneur in giving a correct position of the project to the financers, to the market and to the customers.
  2. It helps to assess the periodic requirements of resources such as human, physical and financial.
  3. It helps in executing the project in systematic and organised manner.
  4. IT helps in planning and executing of the plans effectively.

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