A person wants to start a business to capitalize on an idea she has. She begins to gather information about possible customers,existing competitors,government regulations,etc.because she wants to see if her idea for a business makes sense. This is known as

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Feasibility analysis involves gathering information about various aspects of a business idea to determine its viability, including researching potential customers and competitors, and evaluating government regulations that may impact the business. This analysis helps the entrepreneur determine if their idea is viable and can potentially lead to a successful business venture.

A Person Wants to Start a Business to Capitalize on an Idea