prepare a feasibility report for the project of opening a new branch of your company.
As a Project Manager of the leading Footwear company/manufacturers Dandy Shoes Private Limited, you have been asked to prepare a feasibility report for the project of opening a new branch of your company. Your feasibility analysis should also evaluate issues like location, marketability, funding, and maintenance etc.
1 Answer | Add Yours
This report discusses the feasibility of opening a new branch of Dandy Shoes Private Limited. In the past, Dandy Shoes has approached the opening of new branch with great care, which is undoubtedly a major reason why it has become the most successful small ,privately owned shoe company.
• The existence of large enough market.
• A good possibility of attracting customers away from the competition.
• The likelihood that profits on the sales at the branch will exceed the expenses of
• The reasonableness of the financial outlay required to open the office.
Method of obtaining facts :
• Meetings with other experts in your organizations.
• Laboratory research
conclusion :Market is very impotent factor for opening a new branch of business. Because if we chose wrong market for our product then our product will be fail and can’t be run and then chances increase to shut down the business. So it is very important that we chose the market related to our product and also related with customer demand. Customer demand affects the product sale volume in market. If we chose the market for our product where the demand for that product is very high then we will get the maximum profit from that product. As in this given question we see that Dandy Shoes Private Limited want to open a new branch. So marketability is very important factor to open a new branch.
We’ve answered 330,483 questions. We can answer yours, too.Ask a question