Question

What is Feasibility Study?

Hint:

A feasibility study acts as a blueprint to assess the chances of project success before major investments are made.

Answer 1

Step 1: Definition.
A feasibility study is an analysis of the practicality and potential success of a proposed business idea or project. It evaluates all factors — technical, financial, legal, and operational — that affect viability.
Step 2: Explanation.
It helps decision-makers determine whether a project is worth pursuing by analyzing risks, costs, and expected returns.
The study includes components such as market feasibility, technical feasibility, and economic feasibility.
Step 3: Conclusion.
Thus, a feasibility study is a comprehensive evaluation that determines whether a proposed business plan can succeed in real-world conditions.