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MARKET FEASIBILITY STUDY CHILD & ADOLESCENT ACUTE PSYCHIATRIC INTERVENTION SERVICE BARTLETT REGIONAL HOSPITAL JUNEAU, ALASKA PREPARED BY DIAMOND HEALTHCARE CORPORATION JUNE 2005 1 Introduction, Purpose

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What is market feasibility study?

Market feasibility study is a process of evaluating the potential success of a new product or service in a specific market. It assesses the market demand, competition, and potential profitability to determine if the product or service is viable.

Who is required to file market feasibility study?

The requirement to file a market feasibility study depends on the specific regulations or policies of the industry or government. Typically, businesses or entrepreneurs planning to launch a new product or enter a new market are required to conduct and submit a market feasibility study.

How to fill out market feasibility study?

Filling out a market feasibility study involves several steps. Firstly, gather relevant market data such as demographics, competitor analysis, and market trends. Secondly, analyze the data and assess market demand, competition, and potential profitability. Finally, compile the findings into a detailed report outlining the feasibility of the product or service in the target market.

What is the purpose of market feasibility study?

The purpose of a market feasibility study is to assess the potential success of a product or service in a specific market. It helps businesses make informed decisions about launching new products, entering new markets, or expanding existing operations by providing insights into market demand, competition, and profitability.

What information must be reported on market feasibility study?

A market feasibility study should include information such as market analysis, target demographics, competitor analysis, potential market share, pricing strategy, marketing plan, and financial projections. The specific information required may vary depending on the industry and the purpose of the study.

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