Question

Feasibility analysis may be processed as follows.

Choose the correct answer from the options given below :

• 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

Hint:

A feasibility study is a "Go/No-Go" gate. It must happen before you spend months writing a full-blown business plan.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
This question outlines the logical flow of a feasibility study within the business development process.
Step 2: Detailed Explanation:
1. Part (i): Correct. The process starts with a proposed business venture idea.
2. Part (ii): Correct. This stage acknowledges that further investment of time and money is contingent on the findings of the analysis.
3. Part (iii): Correct. These are the four standard pillars of a feasibility study: Product, Market, Organizational, and Financial feasibility.
4. Part (iv): Correct. This is the decision-making step. If any area fails, the idea is dropped or refined; if all pass, a detailed business plan is created.
Step 3: Final Answer:
The entire flowchart accurately represents the standard processing of a feasibility analysis.