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What Is Economic Viability Of A Business?

Asked by: Donato Greenholt
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Before anything else, let’s first explore the definition of the word “viable.” According to Webster’s Dictionary, vi·a·ble is defined as “capable of working successfully; feasible”. I like this one, “capable of living or of developing into a living thing.”

What do you mean by viability?

: the quality or state of being viable: such as. a(1) : the ability to live, grow, and develop the viability of seeds under dry conditions. (2) : the capability of a fetus to survive outside the uterus fetal viability.

Viability in English law means capable of being born alive and surviving for a time by breathing, rather than being born alive and surviving in the longer term.

What is a viability test?

Purpose. Positron emission tomography (PET) viability imaging is used to assess how much heart muscle has been damaged by a heart attack or heart disease. This test is used to determine whether a patient may need angiography, cardiac bypass surgery, heart transplant or other procedures.

What does it mean if something is not viable?

: not viable : not capable of living, growing, developing, or functioning successfully nonviable cells a nonviable solution …

How do you say something is viable?

Viable synonyms

  1. workable. Capable of functioning. …
  2. feasible. The definition of feasible is that something is possible, doable or likely. …
  3. within-reach. …
  4. possible. Capable of happening, existing, or being true without contradicting proven facts, laws, or circumstances: …
  5. applicable. …
  6. executable. …
  7. reasonable. …
  8. doable.

What is the difference between feasible and viable?

The difference between feasibility and viability is that feasibility or feasible means how easy or difficult something is and whether you can achieve it or no whereas viability means the ability to work successfully (make a profit) and make sure that the business works great in the long run.

What is the opposite to viable?

Opposite of capable of working successfully. impracticable. impossible. unworkable. hopeless.

What is economically feasible?

Meaning of economic feasibility in English

the degree to which the economic advantages of something to be made, done, or achieved are greater than the economic costs: The state commissioned a report on the economic feasibility of a single-payer health system.

What does feasible mean?

1 : capable of being done or carried out a feasible plan. 2 : capable of being used or dealt with successfully : suitable. 3 : reasonable, likely gave an explanation that seemed feasible enough.

How can I be economically viable?

A project is economically viable if the economic benefits of the project exceed its economic costs, when analyzed for society as a whole. The economic costs of the project are not the same as its financial costs—externalities and environmental impacts should be considered.

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What is economy viability?

Viability is a measure of the likely success of a particular action or set of actions. An assessment of economic viability is an evaluation of the various economic effects that may result from the implementation of a particular project.

How do you know if a project is viable?

Determining the viability of a project requires an evaluation of a number of different factors, and viability potential will differ from one small business to the next.

  1. Cost. A project is not typically considered viable if its value exceeds its costs. …
  2. Time. …
  3. Manpower. …
  4. Quality.

What are synonyms for viable?

viable

  • achievable,
  • attainable,
  • doable,
  • feasible,
  • possible,
  • practicable,
  • realizable,
  • workable.

How do you use viable in a sentence?

Viable sentence example. I am saying that for small nations to be economically and politically viable is good news for peace. We have recently been experimenting with heat meters, to see whether the possibility of charging via their readings is viable .

What does it mean if a fetus is viable?

According to Websters Encyclopedic Unabridged Dictionary of the English Language, viable of a fetus it means having reached such a stage of development as to be capable of living, under normal conditions, outside the uterus.

How do you know if a solution is viable?

if we solve for X we will have:

  1. Then to show that it is a viable answer, we have to “plug in” the value that we calculated for X into the original equation:
  2. and. then by using substitution, we can solve the equations for x first, then y, and finally prove that the answers are correct by plugging them in:
  3. OR.

What is not a viable pregnancy?

In some situations, a “non-viable” fetus is defined as a fetus that has a <50% chance of surviving outside the womb and is reserved for a fetus less than ~24 weeks gestational age. In certain countries (such as the United States), this distinction may carry significant legal consequences 3.

What is the meaning of not visible?

adjective. not visible; not perceptible by the eye: invisible fluid. withdrawn from or out of sight; hidden: an invisible seam.

What is a viability test for the heart?

A cardiac viability scan is done to assess how much heart muscle has. been damaged by a heart attack or heart disease. It checks: • Blood supply to your heart. • How well your heart muscle works (viability)

How do you conduct a viability study?

STEPS TO CONDUCTING A FEASIBILITY STUDY

  1. First, you want to outline the planned idea or action. …
  2. Second, you should examine the market space and the commercial viability of the action. …
  3. Third, you should examine the unique characteristics of the idea and whether they are strength or a weakness.

Do you have to be NPO for viability study?

There is no required preparation for this scan. You may eat before arrival but it is best if you can just eat a very light meal such as a bagel, toast or small bowl of cereal. Caffeinated beverages such as coffee and tea are allowed prior to this procedure.

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