A nonprofit board of directors is analyzing a feasibility study to determine if there is a community need for a new service. The board is looking at which part of the business plan?

Question

Quizplus · Accepted Answer

The market analysis section of a business plan examines potential customers and competitors in the area to determine if there is a need for the proposed service. Therefore, analyzing a feasibility study to determine community need would fall under the market analysis component of the business plan.

A Nonprofit Board of Directors Is Analyzing a Feasibility Study