One of the purposes of an economic analysis as part of a feasibility study is to
A) formulate alternative product and service concepts.
B) identify customer needs.
C) assess whether there is enough demand for the proposed product.
D) look at estimates of production and development costs and compares them to estimated sales volume.

Question

Quizplus · Accepted Answer

Assessing whether there is enough demand for the proposed product is a key purpose of an economic analysis as part of a feasibility study.

One of the Purposes of an Economic Analysis as Part