The Goal of a Feasibility Study Is

question 8

Multiple Choice

The goal of a feasibility study is:

• A) to create additional value for customers through great products or services.
• B) to create outlets for employees to bring out new ideas.
• C) to assess if a business idea can be profitably brought to market.
• D) to assess how well a preliminary run of a business works and what problems it might have.

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Definitions:

Seasonality

Periodic fluctuations in economic or financial activity that recur with similar intensity during the same season of each year.

U.S. GDP

The total market value of all final goods and services produced within the United States in a given period, serving as a broad measure of overall economic activity.

Circular Flow Diagram

A visual model of the economy that shows how money flows through markets among households and firms, illustrating economic interactions.

Payments

Transactions or transfers of money or equivalents as a form of settling a debt or fulfilling an obligation.