Joe is planning a new mobile restaurant business.He wants to convert an antique bus into a sit-down restaurant with a service window allowing him to serve people within the bus and walk-ups who want to get their food and take it home.Joe is performing some research into his project and is looking at the overall business idea,the product/service,the industry and market,financial projections (profitability),and the plan for the future action.Joe is performing a(n)___________.

Question

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Joe is performing a feasibility study, which involves analyzing the potential success of the business idea, researching the industry and market, projecting financial outcomes, and planning for future actions. A business model canvas is a visual tool used to outline a business's key components, a pilot test involves testing a new product or service in a small market, and an RBI screen is a risk-based inspection screening tool typically used in the financial industry.

Joe Is Planning a New Mobile Restaurant Business