A feasibility analysis is a study to assist in making a go/no go decision based upon a close examination of product/service, market, industry, and financial data in a sufficient degree of detail to ensure confidence in the results.

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This is a correct definition of a feasibility analysis, which is typically conducted before investing significant resources or making key decisions about a business venture. The study helps assess whether a proposed project is viable, desirable, and sustainable based on a range of factors, including technical feasibility, market demand, competitive landscape, regulatory requirements, financial projections, and other relevant criteria. The results of a feasibility analysis can help inform strategic planning, resource allocation, and risk management, as well as potential adjustments or revisions to the original proposal.

A Feasibility Analysis Is a Study to Assist in Making