Business Feasibility Study Definition:Activities / efforts / analysis to measure the cost and benefit of a business project in order to define the efficiency and effectiveness of the project's method and tools (according to economic theory)
Other definitions of Business Feasibility Study:
- Activities / efforts / analysis to determine if a business opportunity is possible, practical, and viable (according to Heath Hoagland and Lionel Williamson, 2000)
- Activities / efforts / analysis to examine critical opportunities and obstacles that might make or break the proposed business (according to South Dakota Small Business Development Center)
