ENTREPRENEURIAL OPPORTUNITIES
FEASIBILITY ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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value; affordability
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demand; timeliness
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timeliness; value
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durability; value
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desirability; demand
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Detailed explanation-1: -Product/service feasibility analysis is an assessment of the overall appeal of the product or service being proposed. The two components to product/service feasibility analysis are product/service desirability and total startup funds needed.
Detailed explanation-2: -The purpose of a product/ service feasibility analysis is to do an overall assessment of the appeal of the product or service being proposed. Before a firm rushes into developing a new product or service, it should be sure that this product or service is something the customer actually wants.
Detailed explanation-3: -Various types of feasibility that are commonly considered include technical feasibility, operational feasibility, and economic feasibility.