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:

The correct answer is option 4- Technical.

If a technology required to convert the idea of a product offering is available, it is known as technical feasibility analysis. 

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.