If a technology required to convert the idea of a product offering is available, it is known as................feasibility analysis.
Answer & explanation
Correct answer: option 4
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.