Business feasibility study: a systematic study to understand whether a specific project or approach is possible or not. The end result of any feasibility report is the decision to withdraw from work. Either move forward or do not.

A comprehensive and field study of all the details of the work or approach , The final decision on whether a project, project or approach is possible and should we move forward? Typical factors include financing, personnel resources, material resources, market demand, competitive landscape, time and space constraints, etc.

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