A feasibility study is a preliminary analysis of a project idea to evaluate its viability and potential benefits. It helps to identify the main challenges, risks, opportunities and resources involved in pursuing the project. A feasibility study also provides a realistic estimate of the costs, timeline and expected outcomes of the project.
When to consider investing in a feasibility study in China
A feasibility study is a key step for brands that target China. China is a complicated and changing market with different consumer needs, cultural factors, regulatory issues, and competition. This service can help brands learn about the market size, demand, trends, and segments for their products or services, evaluate the competition and find their unique value in the market, check the technical feasibility and needs of their project, estimate the financial viability and profitability of their project, and identify the risks and solutions of their project.