This analysis tells that whether product offering idea should be possible at a cost that can be covered by the price it will fetch.

Economic Feasibility Analysis

The correct answer is option (2)- Economic Feasibility Analysis.

Economic feasibility analysis assesses whether the product or idea can be produced at a cost that is covered by the price it will fetch in the market. This analysis ensures that the venture is economically viable by determining if the revenue from the product can outweigh the costs involved in its production and delivery.