Question

1. Outline the elements of the feasibility plan with a one to two sealesce explacation of each element. 2. What are the primary steps to proving that a market exists in the market stralegy section? What sbould an effective market analysis include

Basic entrepreneurship

Answer 1

Answer 1 : Feasibility is the study of the possibility of a project.

The elements of Feasibility study are :

• Executive summary : It defined the ventures , product and services has been properly identified and characteristics of the market .
• Business concept : It is related to the establishment of the business related to the project.
• Product or services values in the business has been available.
• Proper market research and analysis of the product.
• Market plan related to applicability of the plan successful in the market.
• Entreprentuneral team analysis has been done properly.
• Financial documentation has been needed or required.

Answer 2: The Primary steps of the marketing strategies plan is :

• Identify problem in marketing activity that necessary steps had been taken into an account.
• Sale has been increased and providing proper facility.
• Providing proper product availability in the market.
• Establishment of long term objective
• Implement strategy

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