1F Flashcards
(8 cards)
1
Q
Market Research
A
Market Research is the process of investigating and analysing the activities and behaviours of customers and competitors in a specific industry.
2
Q
Initial feasibility study
A
An initial feasibility study is a recached evaluation of how viable a business.
3
Q
Areas of feasibilities
A
.Market feasibilities .Operational feasibility .Commercial feasibility .Technical feasibility .Legal feasibility
4
Q
Market feasibilities
A
Using research to measure the market.
5
Q
Operational feasibility
A
Fit in well with the current business environment and so will it be productive.
6
Q
commercial feasibility
A
What profit will it make and can you afford to begin it.
7
Q
Technical feasibility
A
Have technical expertise and resources needed and so can it be done.
8
Q
Legal feasibility
A
Law have to be complied with to make it legal.
