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2 years ago

Explain the steps involved in a feasibility and market analysis for a proposed shopping center.

Business

1 answer:

Dahasolnce [82]2 years ago

5 0

The procedures for a feasibility analysis

The key actions consist of: Define the market's geographic influence. Examine the community's demographics, culture, purchasing power, and population trends. Examine rival services in the area to identify their main advantages and disadvantages.

What is Feasibility analysis
A feasibility study is a thorough evaluation that takes into account all of the important factors of a proposed project to ascertain the chances of success.

Return on investment, which indicates that the project will produce enough profit to justify the investment, is one way to define success in business. On the plus or minus side, many other significant factors, such as the impact on the surrounding neighborhood and the environment, can be found. Although feasibility studies can assist project managers in assessing the risk and reward of continuing an action plan, there are still a number of factors to take into account before proceeding.

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