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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

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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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