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Feasibility Study & Its Importance

A feasibility study is conducted in order to examine if the proposed business idea or venture can be applied practically. The key function of this study is to verify if the business can be implemented and continued. The business can either be a startup, expansion of a current business or taking over an existing business. Conducting a feasibility study helps in determining if the proposed business can sustain for a long term and endure the financial risks that may incur. It also helps to plan the project and identify the potential possibilities or threats that can provide reasons to avoid investing in the business venture.

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