--%>
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 : Decrease in entropy with termperature

    Explain that Entropy decreases along with the increase in its temperature?

    		•
  • Q : Conformance to standards in product

    Conformance to standards and specifications: These are standards laid down by national and international authorities. For instance, in Canada there is the Standards Council of Canada (SCC). The United States has many standards bodies including MIL (US

    		•
  • 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 : Laws of Thermodynamics Describe all the

    Describe all the laws of the Thermodynamics?

    		•
  • Q : Product appearance in Product design

    Product appearance: Strongly influenced by the Industrial Designer, the general style? of the product is significant as this will have an influence on materials and manufacturing procedures to be used. The product should be able to grab the customer's

    		•
  • Q : Value Engineering The value engineering

    The value engineering method focuses on functional values, and aims to increase the difference between the cost and value of a product: by lowering cost and/or adding value. In many cases, the emphasis is simply on reducing costs, and the design effor

    		•
  • Q : Difference between pressure vessel &

    Difference between pressure vessel & column: The Pressure vessels (cylinder or tank) are utilized to store fluids under pressure. If the pressure vessel are design in the form of column to separate the gas at u

    		•
  • Q : Arena Are you able to assist with these

    Are you able to assist with these two assignments in Arena simulation below? You can use the Basic Process instead of Blocks and Elements. An office of state license bureau has two types of arrivals. Individuals interested in purchasing new plates are characterized to have inter-arrival times dis

    		•
  • Q : Diesel Engine What will happen if the

    What will happen if the gasoline is used within the Diesel Engine, whether the Siesel Engine will work or not?

    		•
  • Q : Problem on pressure rise of a water tank

    The water level in a tank is about 20 m above the ground. A hose is joined to the bottom of the tank, and the nozzle in the end of the hose is pointed to straight up. The tank is at sea level, and the water surface is open to the environment. In the line leading from

    		•