Commerce Exam > Commerce Questions > Which of the following feasibility study is c...
Start Learning for Free
Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.
- a)Market feasibility
- b)Technical Feasibility
- c)Financial feasibility
- d)Organizational feasibility
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Which of the following feasibility study is conducted to define the pr...
Organizational feasibility
Organizational feasibility is a type of feasibility study conducted to evaluate the professional background information about the founders and the skills they can contribute to the business. It assesses whether the founding team has the necessary qualifications, experience, and expertise to successfully manage and operate the business.
Importance of organizational feasibility
Organizational feasibility is important because the success of a business often depends on the knowledge, skills, and capabilities of its founders. It is crucial to have a team with the right mix of skills and expertise to effectively handle the various aspects of business operations.
Factors considered in organizational feasibility study
1. Professional background: The study examines the professional backgrounds of the founders, including their education, work experience, and any relevant certifications or qualifications. This helps determine if they have the necessary knowledge and expertise in the industry.
2. Leadership skills: The study assesses the leadership skills of the founders, including their ability to make strategic decisions, manage teams, and handle challenges. Effective leadership is essential for the success of a business.
3. Industry knowledge: The founders' understanding of the industry is evaluated to determine if they are aware of the market trends, competition, and potential opportunities. This knowledge is crucial for making informed business decisions.
4. Problem-solving abilities: The study examines the problem-solving abilities of the founders, including their ability to identify and address challenges that may arise in the business. This helps determine if they can effectively navigate obstacles and ensure the smooth operation of the business.
5. Teamwork: The founders' ability to work together as a team is assessed to determine if they can collaborate effectively and leverage each other's strengths. Teamwork is important for achieving common goals and objectives.
Conclusion
Organizational feasibility is an important aspect of a feasibility study as it evaluates the professional background information about the founders and their skills that can contribute to the success of the business. It helps ensure that the founding team has the necessary qualifications, experience, and expertise to effectively manage and operate the business.
Organizational feasibility is a type of feasibility study conducted to evaluate the professional background information about the founders and the skills they can contribute to the business. It assesses whether the founding team has the necessary qualifications, experience, and expertise to successfully manage and operate the business.
Importance of organizational feasibility
Organizational feasibility is important because the success of a business often depends on the knowledge, skills, and capabilities of its founders. It is crucial to have a team with the right mix of skills and expertise to effectively handle the various aspects of business operations.
Factors considered in organizational feasibility study
1. Professional background: The study examines the professional backgrounds of the founders, including their education, work experience, and any relevant certifications or qualifications. This helps determine if they have the necessary knowledge and expertise in the industry.
2. Leadership skills: The study assesses the leadership skills of the founders, including their ability to make strategic decisions, manage teams, and handle challenges. Effective leadership is essential for the success of a business.
3. Industry knowledge: The founders' understanding of the industry is evaluated to determine if they are aware of the market trends, competition, and potential opportunities. This knowledge is crucial for making informed business decisions.
4. Problem-solving abilities: The study examines the problem-solving abilities of the founders, including their ability to identify and address challenges that may arise in the business. This helps determine if they can effectively navigate obstacles and ensure the smooth operation of the business.
5. Teamwork: The founders' ability to work together as a team is assessed to determine if they can collaborate effectively and leverage each other's strengths. Teamwork is important for achieving common goals and objectives.
Conclusion
Organizational feasibility is an important aspect of a feasibility study as it evaluates the professional background information about the founders and their skills that can contribute to the success of the business. It helps ensure that the founding team has the necessary qualifications, experience, and expertise to effectively manage and operate the business.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer?
Question Description
Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer?.
Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following feasibility study is conducted to define the professional background information about the founders and what skills they can contribute to the business.a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup