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Feasibility studies in the Egyptian market

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12 Jan 2022

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Feasibility studies in the Egyptian market

Feasibility studies in the Egyptian market, feasibility studies in the Egyptian market is the starting point to determine the viability of any investment project, whether it is a commercial, service, or industrial project, so the owner of any project must study the market well, and to ensure the success of this study investor must resort to one of the companies to study the market in Egypt.

It is one of the best companies that can be used to carry out various types of feasibility studies, whether market feasibility study, financial or technical in all fields and sectors because it has a staff of consultants and experts specialized in the preparation of feasibility studies in the Egyptian market.

 

Feasibility studies in the Egyptian market

Feasibility studies in the Egyptian market
Feasibility studies in the Egyptian market
In short, market research is the collection and analysis of data and information related to the marketing of the product or service to facilitate the matter related to the study of the behavior of the consumer audience and what they buy and the cost they want to spend for that product or for that service, in addition to knowing the problems that stand:

Quantitative market research: through this research, consumer behavior is studied by examining a typical sample that can be predicted as widely as possible.
Qualitative research: in this case, the wishes and needs of the customer regarding the purchase process are analyzed and studied.
Successful companies use market research in order to get a clearer plan for the business they are implementing, and the target (customer) being hired because the analytical study reveals good opportunities to be exploited and risks to be prepared for.

 

Importance of conducting market studies

Whether the company is still in operation or already in progress, conducting a thorough market study helps any business owner or investor to understand their target audience more clearly.

This helps him to understand what potential customers want, and to obtain demographic and other data that inform his project’s market feasibility study.

As this study shows the Investor How to create new business opportunities to formulate the business plan of the project, the market study also indicates the risk factors expected to occur so that the investor can avoid them.

In addition, it gives him clear data and information about the changes that are likely to occur in the labor market, and how to determine the cost of the product or service that will be introduced in that market.

 

How to conduct a feasibility study for any project in detail and explanation

Feasibility studies in the Egyptian market
Feasibility studies in the Egyptian market
The feasibility study of any project is divided into a preliminary and detailed study, and what we will explain in the following lines is the method of working a detailed feasibility study for any project in detail, which includes several steps or stages, the most important of which are the following:

Marketing feasibility study: this study provides a full report on the volume of demand for the products or services produced by the project, through a comprehensive analysis of all data and information related to the need of the market to fill this consumer gap.
Technical feasibility study: through this study, the products or services needed by the target group are identified, and then all the costs necessary to operate the project are determined.
Financial feasibility study: in this study, a comprehensive study is presented that includes the amount of cost, revenues, and profits expected from the establishment of that project.
Social feasibility study: at this stage, a detailed report is presented on the feasibility of the project in the surrounding environment.

Market study companies in Egypt

Feasibility studies in the Egyptian market
Feasibility studies in the Egyptian market
Technical company for management and economic consulting and feasibility studies is one of the best and most famous companies to study the market in Egypt, it has long and extended experience in the field of feasibility study work in addition to having a full fleet of the most skilled experts and consultants in this field.

A technology company is characterized by working to study all aspects and analyze them accurately in order to give the client a full and comprehensive feasibility study, through the implementation of which the investor can achieve the profit and success that he wishes from his project.

The company also offers many other services such as E-Marketing Services, the design, and management of advertising campaigns on various social media platforms such as Facebook, Twitter, and YouTube, in addition to marketing through search engines.

So do not hesitate to contact the technology company on its e-mail the most famous feasibility studies company in the Egyptian market.

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