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 know the competition, sales projections, potential buyers, etc?
- a)Market feasibility
- b)Technical Feasibility
- c)Financial feasibility
- d)Organizational feasibility
Correct answer is option 'A'. 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 know the comp...
Market Feasibility Study
A market feasibility study is conducted to assess the potential market for a product or service. It focuses on understanding the competition, sales projections, potential buyers, and other market-related factors. Here are the key points to understand about market feasibility study:
1. Objective: The main objective of a market feasibility study is to determine the viability and potential success of a product or service in the target market.
2. Competition Analysis: This study involves analyzing the existing competition in the market. It helps to understand the strengths and weaknesses of competitors, market trends, and customer preferences.
3. Sales Projections: Market feasibility study includes estimating the potential sales and revenue that can be generated by introducing the product or service. This involves analyzing market demand, pricing strategies, and market share projections.
4. Potential Buyers: The study focuses on identifying the target audience or potential buyers for the product or service. It helps in determining the target market size, customer behavior, and preferences.
5. Market Analysis: Market feasibility study includes conducting market research and analysis to gather relevant data. This may involve surveys, interviews, focus groups, and secondary research to understand market dynamics and trends.
6. Risk Assessment: The study also assesses the potential risks and challenges associated with entering the market. This includes analyzing market barriers, regulatory factors, and potential obstacles to market entry.
7. Recommendations: Based on the findings of the market feasibility study, recommendations are provided regarding the viability and potential success of the product or service in the target market. This helps in making informed decisions about market entry or product/service modifications.
Therefore, the correct answer is A: Market feasibility as it specifically focuses on understanding the competition, sales projections, potential buyers, and other market-related factors.
A market feasibility study is conducted to assess the potential market for a product or service. It focuses on understanding the competition, sales projections, potential buyers, and other market-related factors. Here are the key points to understand about market feasibility study:
1. Objective: The main objective of a market feasibility study is to determine the viability and potential success of a product or service in the target market.
2. Competition Analysis: This study involves analyzing the existing competition in the market. It helps to understand the strengths and weaknesses of competitors, market trends, and customer preferences.
3. Sales Projections: Market feasibility study includes estimating the potential sales and revenue that can be generated by introducing the product or service. This involves analyzing market demand, pricing strategies, and market share projections.
4. Potential Buyers: The study focuses on identifying the target audience or potential buyers for the product or service. It helps in determining the target market size, customer behavior, and preferences.
5. Market Analysis: Market feasibility study includes conducting market research and analysis to gather relevant data. This may involve surveys, interviews, focus groups, and secondary research to understand market dynamics and trends.
6. Risk Assessment: The study also assesses the potential risks and challenges associated with entering the market. This includes analyzing market barriers, regulatory factors, and potential obstacles to market entry.
7. Recommendations: Based on the findings of the market feasibility study, recommendations are provided regarding the viability and potential success of the product or service in the target market. This helps in making informed decisions about market entry or product/service modifications.
Therefore, the correct answer is A: Market feasibility as it specifically focuses on understanding the competition, sales projections, potential buyers, and other market-related factors.
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
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Which of the following feasibility study is conducted to know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. Can you explain this answer?
Question Description
Which of the following feasibility study is conducted to know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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 know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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 know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. Can you explain this answer?.
Which of the following feasibility study is conducted to know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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 know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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 know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Which of the following feasibility study is conducted to know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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 know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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 know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Which of the following feasibility study is conducted to know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Which of the following feasibility study is conducted to know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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 know the competition, sales projections, potential buyers, etc?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'A'. 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