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Feasibility Plans for Small Businesses

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question 1 of 3

What is the purpose of a feasibility study?

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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

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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
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