Viability study
From Wikipedia, the free encyclopedia
A Viability study is an in depth investigation of the profitability of the business idea to be converted into a business enterprise.[1]
This type of report studies a situation (for example, a problem or opportunity) and the plan for doing something about it, then determines whether that plan is "feasible". This would involve determining whether it is technologically possible to achieve and whether it is practical in the current technological, economical and social scenario. The feasibility report does not provide a simple "Yes" or "No" answer, but is used in the analysis of a decision. It is not just a tool to provide a recommendation, it is also used to gather data and give reasoning behind the recommendation given, to be later used in evaluation.
This study is the most important especially to people who plan to start their own business.
