--%>
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 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

    		•
  • Q : Numerically controlled Mechatronics

    What do you mean by Numerically controlled Mechatronics and what are its components?

    		•
  • Q : Stop cooling-water flow in turbine

    Whether you stop cooling-water flow through steam condenser when the turbine is slopped?

    		•
  • Q : Carburetion A carburetor's primary

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

    		•
  • Q : Describe Process Flow Diagram Process

    Process Flow Diagram: A Process Flow Diagram or System Flow Diagram exhibits the relationships among the main components in the system. It too has fundamental information regarding the material balance for the process.

    		•
  • Q : Problem on head loss The pump

    The pump illustrated in the figure adds 20 kW of power to the flowing water. The only vital loss is that which takes place across the filter at the inlet of the pump. Find out the head loss for this filter. Note that the gage pressure upstream of the filter is negativ

    		•
  • Q : Formation of Cavitation Explain the

    Explain the reason behind formation of the Cavitation in the Centrifugal Pump and not in the Displacement Pump?

    		•
  • Q : Problem on flow rates Water flows at 40

    Water flows at 40 m/s from the jet of area of cross-section of 0.008 m2 on to a flat plate as shown in the figure. Determine the force F normal to the plate, and also the flow rates out of the plate.

    Q : Ergonomics in product design

    Ergonomics: This is concerned with how easy (comfort, complexity) the product is to use by the targeted market. Physical human dimensions must be considered when designing the driver's seating, instruments, and controls in a car. Slight variations bet

    		•
  • Q : Advantages and disadvantages of using

    Explain advantages and disadvantages of using the LPG in Car?

    		•