Two key elements of a feasibility study are assessing competitors and researching _____________.

Question

Quizplus · Accepted Answer

While all the options listed are important considerations for a feasibility study, assessing competitors and researching financing are two of the most crucial elements. Analyzing the competitive landscape helps determine the potential demand for the product or service and identify any unique selling points. Researching financing options is critical to assess the viability and sustainability of the venture, as well as to determine the initial investment required to get it off the ground.

Two Key Elements of a Feasibility Study Are Assessing Competitors