What is a key component of a feasibility report? A. Financial projections B. Employee satisfaction C. Product features D. Market trends
Question
What is a key component of a feasibility report?
A. Financial projections
B. Employee satisfaction
C. Product features
D. Market trends
Solution
To determine the key component of a feasibility report, it is essential to understand what a feasibility report generally includes.
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Definition of a Feasibility Report: A feasibility report assesses the practicality of a proposed project or system. It analyzes various aspects to determine its likelihood of success.
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Typical Components:
- Financial Projections: Estimating the costs, revenues, and profitability.
- Market Analysis: Understanding market trends and target demographics.
- Operational Feasibility: Evaluating workforce capabilities and processes needed.
- Technical Feasibility: Assessing the technology requirements and solutions.
Among the options offered:
- A. Financial projections: This is crucial since it directly relates to the viability of funding and profitability.
- B. Employee satisfaction: This is relevant but not typically a primary focus of a feasibility report.
- C. Product features: This pertains to the specific offerings but does not encapsulate the feasibility as a whole.
- D. Market trends: This provides context but is part of market analysis rather than a standalone component.
Conclusion
The best answer is A. Financial projections, as they are fundamental to evaluating the financial viability of the project within a feasibility report.
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