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TeachMeFinance.com - explain feasibility study feasibility study -- Likelihood study. A way to determine if a business idea is capable of being achieved. (Asks the question, "Can it work and produce the level of profit necessary?") another definition... feasibility study -- a detailed investigation and analysis of a proposed development project to determine whether it is viable technically and economically. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.