What is economic feasibility?
A)The cost-effectiveness of a project.
B)How well a solution meets the identified system requirements to solve the problems and take advantage of opportunities.
C)The project time frame that ensure that it can be completed on time.
D)The practicality of a technical solution and the availability of technical resources and expertise.

Question

Quizplus · Accepted Answer

Economic feasibility refers to the cost-effectiveness of a project, taking into account factors such as revenue, expenses, and return on investment. It involves analyzing the financial aspects of the project to determine whether it is practical and financially viable.

What Is Economic Feasibility