--%>
Assignment Help - homework help

Define feasibility study

Feasibility study: In order to take wise investments in a market-place experiencing rising stages of risk, companies are turning to feasibility studies to find out if they must propose new products, services or commence a new business endeavor. The main purpose of feasibility study is to find out if a business opportunity is practical, possible, and viable. Whenever faced with a business opportunity, numerous optimistic people tend to focus just on the positive aspects.

A feasibility study allows a realistic view at both positive and negative aspects of an opportunity. The feasibility study is a significant tool for making the correct decisions. A wrong decision frequently leads to business failure. For illustration, only 50% of start-ups are still in business and after 18 months and only 20% are in business subsequent to 5 years.

Feasibility studies are helpful when beginning a new business or identifying a new opportunity for an existing business. Idyllically, the feasibility study process involves making rational decisions about a number of enduring characteristics of a project comprising.

   Related Questions in Mechanical Engineering

  • Q : What is wrap-around Wrap-around : The

    Wrap-around: The main aim of a wrap-a-round is to make a straight line about a pipe to help in cutting the pipe to its appropriate length. It is employed mostly as a straight edge or a template.   

    		•
  • Q : Undamped single degree of freedom (a)

    (a) The response for an undamped single degree of freedom system under free vibration is given as where ωn is the natural frequency and A and B are unknown that can be determined from the initial conditions. The response 

    		•
  • Q : Problem related to pressure gauge Water

    Water flowing via the vertical pipe is illustrated below. Compute the required pipe diameter for the smaller pipe,‘d’,  given that the two pressure gauges read similar value.

    Q : Aim of an airspeed indicator in aircraft

    What is the main aim of an airspeed indicator in aircraft?

    		•
  • Q : Solar Thermal systems Explain the two

    Explain the two Solar thermal DHW and Solar DHW Solar thermal systems n brief?

    		•
  • Q : Carburetion A carburetor's primary

    A carburetor's primary function is to mix proper proportions is?

    		•
  • Q : Servo drive What do you mean by Servo

    What do you mean by Servo drive and how mechatronic integration approach is improved by it.

    		•
  • Q : Difference between PLC and Logic Card

    Difference between PLC and Logic Card: There is technically no difference. Both are logic controller utilized for several applications and in PLC has it's own internal memory (compared to Logic card).

  • Q : State Concurrent Engineering Concurrent

    Concurrent Engineering has happened primarily as a result of the need to shorten product development times, but improving product quality and reducing product life-cycle costs are important considerations. Some companies have even gone to the extent o

    		•
  • Q : What is Cotter joint Cotter joint :

    Cotter joint: These kinds of joints are employed to connect two rods that are under compressive or tensile stress. The ends of rods are in the way of a socket and shaft which fit altogether and the cotter is driven into a slot which is common to both

    		•