Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:
If a technology required to convert the idea of a product offering is available, it is known as................feasibility analysis.
Options:
Economic
Financial
Commercial
Technical
Correct Answer:
Technical
Explanation:
Technical feasibility is a standard practice for companies to conduct feasibility studies before commencing work on a project. Businesses undertake a technical feasibility study to assess the practicality and viability of a product or service before launching it. Whether you are working as a product engineer, product designer or team manager, there may be plenty of situations in your career where you are required to prepare a technical feasibility study. In this article, we discuss what is technical feasibility, explain how to conduct one and share tips on writing a feasibility study report.