Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need an answer of this feasibility study of(Develop a law-cost, portable water filtration system for use in disaster relief) FEASIBILITY STUDY TEMPLATE - Marketing
I need an answer of this feasibility study of(Develop a law-cost, portable water filtration system for use in disaster relief)
FEASIBILITY STUDY TEMPLATE - Marketing Feasibility - Technical Feasibility - Management Feasibility - Financial Feasibility - Legal Feasibility 1. Marketing Feasibility Description of Company's Products and Services. Identify competing areas for the product to be marketed Target Market and Market Segmentation Marketing Mix (4 Ps) Describe what is unique about the enterprise's product/service compared to the competition. lake sure this is consistent with the unmet need of the target market(s). SWOT Analysis SWOT analysis aims to identify the key internal and external factors seen as important to achieving an objective. SWOT analysis groups key pieces of information into two main categories: 1. Internal factors - the strengths and weaknesses internal to the organization 2. External factors - the opportunities and threats presented by the environment external to the organization 2. Technical and Management Feasibility Technicalfeasibility Technical feasibility analyzes the availability of technology and resources. This type of analysis helps companies determine whether new technology is feasible or not. It is used when new technology is first developed, prior to use. Machinery and Office equipment This will included all the machinery and equipment which is needed in the production, aw Material (If needed) 3. Management Feasibility Describe the requirements for the management positions and responsibilities for those personnel. Evidence that the continuity and adequacy of management has been evaluated and documented. Staff Required a. Sales Forecast Sales Revenue: Sales in unit X Selling price per unit Sales forecast for 12 months b. Operational Cost: FOR ONE MONTH c. Cash flow Statement Formula: Cash Inflows - Cash Outflows = Net Cash Flow (surplus or deficit) Cash flow statement for 12 months 5. Legal Feasibility: Registration of the enterprise: Food related Laws (if any e.g.is license food composition, hygiene and sanitation and food labeling) A. AUTHORIZATION AUTHORITY/ AUTHORITIES B. AUTHORITZATION PROCEDURE C. AUTHORIZATION FEE D. AUTHORIZATION FORMS E. TIME TAKEN FOR AUTHORIZATION F. TERMS OF AUTHORIZATION This section should summarize the findings of the feasibility study and explain why this course of action is or is not recommended. 1. Market Viability (to reach right target market focusing on 4Ps) 2. Technical Viability(in terms of appropriate tools and equipment) 3. Management Viability (in terms of right person for the right job) 4. Financial Viability ( in terms of Surplus in Cash flow Statement) 5. Legal viability (in terms of norms and values and regulations) FEASIBILITY STUDY TEMPLATE - Marketing Feasibility - Technical Feasibility - Management Feasibility - Financial Feasibility - Legal Feasibility 1. Marketing Feasibility Description of Company's Products and Services. Identify competing areas for the product to be marketed Target Market and Market Segmentation Marketing Mix (4 Ps) Describe what is unique about the enterprise's product/service compared to the competition. lake sure this is consistent with the unmet need of the target market(s). SWOT Analysis SWOT analysis aims to identify the key internal and external factors seen as important to achieving an objective. SWOT analysis groups key pieces of information into two main categories: 1. Internal factors - the strengths and weaknesses internal to the organization 2. External factors - the opportunities and threats presented by the environment external to the organization 2. Technical and Management Feasibility Technicalfeasibility Technical feasibility analyzes the availability of technology and resources. This type of analysis helps companies determine whether new technology is feasible or not. It is used when new technology is first developed, prior to use. Machinery and Office equipment This will included all the machinery and equipment which is needed in the production, aw Material (If needed) 3. Management Feasibility Describe the requirements for the management positions and responsibilities for those personnel. Evidence that the continuity and adequacy of management has been evaluated and documented. Staff Required a. Sales Forecast Sales Revenue: Sales in unit X Selling price per unit Sales forecast for 12 months b. Operational Cost: FOR ONE MONTH c. Cash flow Statement Formula: Cash Inflows - Cash Outflows = Net Cash Flow (surplus or deficit) Cash flow statement for 12 months 5. Legal Feasibility: Registration of the enterprise: Food related Laws (if any e.g.is license food composition, hygiene and sanitation and food labeling) A. AUTHORIZATION AUTHORITY/ AUTHORITIES B. AUTHORITZATION PROCEDURE C. AUTHORIZATION FEE D. AUTHORIZATION FORMS E. TIME TAKEN FOR AUTHORIZATION F. TERMS OF AUTHORIZATION This section should summarize the findings of the feasibility study and explain why this course of action is or is not recommended. 1. Market Viability (to reach right target market focusing on 4Ps) 2. Technical Viability(in terms of appropriate tools and equipment) 3. Management Viability (in terms of right person for the right job) 4. Financial Viability ( in terms of Surplus in Cash flow Statement) 5. Legal viability (in terms of norms and values and regulations)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started