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The core reason for learning how to make a feasibility study for business is to determine whether the investment would be viable or not so it is based on the outcome of the business plan that the investor will decide to accept or reject the project.


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Commercial feasibility is an element of the study focused on the probability of commercial success. It's mainly focused on studying the new business or a new product or service, and whether your organization can create enough profit with it.


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Generally, feasibility studies precede technical development and project implementation. A feasibility study evaluates the project's potential for success; therefore, perceived objectivity is an important factor in the credibility of the study for potential investors and lending institutions.


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