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Determine, through a market feasibility study, how long the expected life cycle of your product or service will be.
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Feasibility Study is the study conducted by the company that wants to add one product line in its business with the objective of understand whether it should go for the product or not by analyzing the different scenarios including revneue, cost, competition etc. Before we go ahead and help you out with a feasibility study template, let us try to understand the need to carry out a feasibility study. A feasibility study looks at whether your home business idea can make money.
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