This study assesses the extent at which manufacturing firms undertook feasibility studies prior to set up their businesses. Specifically, the study ascertain whether manufacturing firms in Anambra State ensure adequate financing; consider the existing competitors and embark on market determination prior to their commencement. Four hypotheses were formulated in line with the objectives of the study. Survey research design was adopted. Data were obtained from questionnaires and analyzed with five point likert’s scale and the three hypotheses formulated were tested using t-test statistical tool with aid of SPSS statistical package version 20.0. From the analysis, the study found that the revealed that manufacturing firms ensure adequate financing, consider the existing competitors and embark on market determination prior to commencement. Based on the findings, the researcher recommended among others that Government should assist entrepreneurs in documenting reliable market information and ensure easy accessibility of fund, this can increasing their interest in feasibility study.
Feasibility Study, Entrepreneurial Success and manufacturing firms
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