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Question

37. What is the purpose of a feasibility study?

O a. To determine the competition of a business

• b. To determine the marketing strategy of a business

O c. To determine the viability of a business idea

O d. To determine the target market of a business

Answer

c. To determine the viability of a business idea.

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A feasibility study is an analysis of a proposed project or business venture to determine its potential for success. It examines the practicality of the project, including...