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Determines the availability of expansion plans for existing products. 5. Deepen understanding of the basic terms of the project, whether from the economic or other technological, technical, and financial aspects. What are the objectives resulting from the economic feasibility study? 4.  consideration when conducting an economic feasibility study? 1. Determine the experiences, motivations, and personal qualities of the project manager, to ensure his ability to manage the project successfully.

You may be interested in learning about the marketing funnel. Is it Rich People Phone Number List one of the most important secrets of electronic marketing? 2. The size of potential customers for the goods or services to be provided to the market by the project under study. 3. Determine the type of market. Is it a recent consumer market, an industrial goods market, a new goods market, consumer goods, or local goods? Is it a local market or a foreign market? What is the market share of the new product? 4. Study the technical feasibility of the project, in terms of fixed assets, requirements and stages of production of the commodity. 5



Identify different market characteristics. 6. Determine the factors affecting the demand for the project’s products. 7. Determine the degree of competition in the market and develop estimates of the number of competitors and the size of the supply of similar products. What are the steps necessary to conduct an economic feasibility study? 5. What are the necessary steps to conduct an economic feasibility study? 1. Choosing the commodity or product to be produced from the proposed project. This is done by thinking and exploring the appropriate project idea, analyzing it, and verifying it.