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Economic feasibility preparation is the process of collecting information on a proposed project and then analyzing it to find out the feasibility of implementation, and reduce the risks and profitability of the project. Therefore, it is necessary to know the extent of the success or loss of this project compared to the local market and its needs.
- Project selection
- prior experiences
- Project specifications
- Equipment and raw materials
- Calculate profits and costs
- Competitors and customers
- SWOT analysis
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