The document discusses factors to consider for market appraisal of projects including profit earning capacity, pros and cons, and screening. It describes how market appraisal can increase earnings and reputation, generate competition, attract customers, and introduce new techniques for an organization. Key steps in market surveys are defined as defining the target population, selecting sample size, developing questionnaires, recruiting and training staff, obtaining and analyzing information. Characteristics of the market that are analyzed include demand, price, supply and competition, distribution methods, consumers, government policy. Methods of demand forecasting mentioned are qualitative, time series, and casual methods.