In planning a new sport facility, what is the primary difference between a feasibility study and a business plan?

• A. A feasibility study analyzes only site location.
• B. A feasibility study assesses viability (market, site, financials) to decide whether to proceed; a business plan outlines strategy, operations, and budgets for implementation.
• C. A feasibility study is the same as a business plan.
• D. A feasibility study focuses on staffing alone.

Answer: (B)

The main distinction is about purpose and content: a feasibility study asks whether a new sport facility is worth pursuing at all by evaluating market demand, site suitability, financial viability, and risks, leading to a go/no-go decision. A business plan takes the project once approved and lays out how to implement it, detailing strategy, operations, staffing, marketing, timelines, and a detailed budget to guide construction and ongoing management. In practice, you’d use the feasibility study first to test viability; if positive, you’d develop the business plan to show exactly how to build, launch, and run the facility. The other options are too narrow or treat the two documents as the same, which they are not.