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What is the primary objective of a new product feasibility study?
What is the primary objective of a new product feasibility study?
- Evaluate legal and tax obligations
- Determine technical feasibility of the product
- Analyze historical background of the business or project
- Assess predictive analytics for marketing, sales, and product development (correct)
What does a feasibility analysis determine?
What does a feasibility analysis determine?
- Market positioning of the product
- Competitive pricing strategies
- Viability of an idea in legal, technical, and economic aspects (correct)
- Target market demographics
What does technical feasibility assessment focus on?
What does technical feasibility assessment focus on?
- Available technical resources to the organization (correct)
- Marketing and advertising techniques
- Product placement strategies
- Competitive landscape of the industry
What precedes technical development and project implementation?
What precedes technical development and project implementation?
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What are the objectives of a new product feasibility study?
What are the objectives of a new product feasibility study?
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