Types of Feasibility Study | Class 11 | Entrepreneurial Journey | Entrepreneurship | CBSE | NCERT
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Explain various types of feasibility
Explain various types of feasibility study.
There’re four types of feasibility study, described below.
- Technical: Technical feasibility is study of available technical resources at disposal and how we can make use of these resources to introduce a product or service
The following are the various resources that are examined under technical feasibility.
- Technology (both software and hardware)
- Manpower
- Transportation
- Location etc
- Financial: This includes the assessment of
- Initial investment
- Various sources to procure the capital
- ROI (return on investment)
- Market: This includes assessment of
- The type of industry being setup
- Prevailing market
- Future market growth/prospects
- Competitors
- Potential Customers
- Projection of sales
- Organizational: The organizational feasibility focuses on whether the business is capable of meeting its goals or objectives or not. This includes the study of
- how the business is structured
- legal structure of the business
- the management team’s competency, professional skills and experience
Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse...
Class 11 Entrepreneurship Books: https://amzn.to/3Czuakc
#Feasibility
#FeasibilityStudy
#TypesOfFeasibility
#TypesOfFeasibilityStudy
#FeasibilityTypes
#FeasibilityStudyTypes
#EntrepreneurialJourney
#Enterprise
#Entrepreneur
#Entrepreneurship
#NCERT
#CBSE
#Class11
#Videoscribe
#WhiteBoard
#WhiteBoardAnimation
There’re four types of feasibility study, described below.
- Technical: Technical feasibility is study of available technical resources at disposal and how we can make use of these resources to introduce a product or service
The following are the various resources that are examined under technical feasibility.
- Technology (both software and hardware)
- Manpower
- Transportation
- Location etc
- Financial: This includes the assessment of
- Initial investment
- Various sources to procure the capital
- ROI (return on investment)
- Market: This includes assessment of
- The type of industry being setup
- Prevailing market
- Future market growth/prospects
- Competitors
- Potential Customers
- Projection of sales
- Organizational: The organizational feasibility focuses on whether the business is capable of meeting its goals or objectives or not. This includes the study of
- how the business is structured
- legal structure of the business
- the management team’s competency, professional skills and experience
Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse...
Class 11 Entrepreneurship Books: https://amzn.to/3Czuakc
#Feasibility
#FeasibilityStudy
#TypesOfFeasibility
#TypesOfFeasibilityStudy
#FeasibilityTypes
#FeasibilityStudyTypes
#EntrepreneurialJourney
#Enterprise
#Entrepreneur
#Entrepreneurship
#NCERT
#CBSE
#Class11
#Videoscribe
#WhiteBoard
#WhiteBoardAnimation
7 سال پیش
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