A Feasibility Analysis Is an Assessment of a Potential Product

question 69

True/False

A feasibility analysis is an assessment of a potential product or service idea rather than a potential business.

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Definitions:

Technological Change

The innovation or improvement in technology, processes, or products, leading to increased efficiency or new capabilities.

Means-Tested Programs

Governmental assistance programs that provide benefits only to individuals or families whose incomes fall below a certain level.

Minimum Income

A level of income deemed necessary for a person to live on; often related to proposals for a guaranteed minimum income by governments.

Income Inequality

The uneven distribution of income within a population, often measured using indices like the Gini coefficient.