A feasibility study on twisted photo pedestal (Innovation Next Inc.)

The proposed business venture of Innovation Next Inc. proved to be feasible based on the findings of the study. The optimistic results of the survey prove that there is a demand for the Twisted Photo Pedestal. The respondents\u27 willingness to buy show that the product has a potential demand in the target market. The interviews with novelty shop representatives regarding the appeal of picture holders reinforce the potential demand for the Twisted Photo Pedestal. A satisfactory Net Market Acceptability Rate of 63.06% was also computed. The proponents defined its target market to be young professionals and household members who are open to new product concepts. In addition, the proponents can manufacture the product with a 95.88% efficiency rate using the assembly line method. The study also showed that the production capacity could meet the demand of the market. The management and legal study shows that the company can meet the requirements necessary in order to establish a corporation. The financial study indicates that business operations can be financed without incurring a net loss. Based on conservative estimates, the company will break-even by the second month