Login
Copyright

Feasibility Plans for Small Businesses

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the purpose of a feasibility study?

Start Your Free Trial To Take This Quiz

As a member, you'll also get unlimited access to over 70,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Free 5-day trial
It only takes a few minutes to set up and you can cancel at any time.
Already registered? Login here for access

1. When is a feasibility study conducted in relation to implementing your business idea?

2. Studying market feasibility can help in all of these ways EXCEPT

Start your free trial to access this entire worksheet
A premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Assess what you know about feasibility plans for a small business with this worksheet and quiz. These study tools will test your comprehension of key points, such as the purpose of a feasibility study and the timing of its implementation.

Quiz & Worksheet Goals

Test what you understand about the following:

  • Some advantages when it comes to a market feasibility study
  • A part of your business plan that studies your potential budget for your business
  • Laws and regulations to consider

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on feasibility plans for small businesses
  • Knowledge application - use your knowledge to answer questions about the various topics that are studied under a feasibility plan
  • Information recall - access the knowledge you've gained regarding why this type of planning is necessary

Additional Learning

For more information on starting a small business, review the accompanying lesson called Feasibility Plans for Small Businesses. Topics to be studied are listed as follows:

  • A real world scenario of a feasibility study
  • Feasibility study components
  • How they help to narrow your focus in order to help you succeed
Support