New Product Feasibility Study
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Feasibility studies</p> Signup and view all the answers

    What are the objectives of a new product feasibility study?

    <p>Product placement, target market, marketing and advertising, competition, pricing strategies</p> Signup and view all the answers

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