Setting up an Enterprise — Flashcards

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An enterprise is an industrial undertaking, a business concern, or any other establishment engaged in production or procurement of goods or services to meet customer demand. It is the practical form o…

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Setting up an enterprise means converting an innovative business idea into a realistic project so that it can earn profits in the long run. It involves planning, choosing a suitable form of organisati…

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A feasibility study checks whether a business idea is practical and possible. It helps find potential problems early and shows whether the idea is technically possible, financially sound, and suitable…

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Feasibility study is a systematic analysis that involves finding and documenting potential solutions to a particular business idea. It examines whether the proposed business can work in real condition…

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The main types are market analysis, technical analysis, financial analysis, commercial feasibility analysis, and economic analysis. Each one checks a different aspect of the project, such as demand, t…

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Market feasibility analysis studies the market potential, market share, competitors, market growth, demand, target customers, and selling price. Market survey is commonly used for this study.

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Technical feasibility analysis checks whether the project can work with the available technology and facilities. It studies land, building, transport, raw materials, location, technical know-how, labo…

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Financial feasibility analysis studies the risk and uncertainty involved in the project and checks whether the project is financially viable. It considers expected income, taxes, rebates, incentives, …