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:

Exclusive Right

A privilege or license granted to an individual or entity to be the sole provider or beneficiary of a particular service or product.

North America

A continent located entirely in the Northern Hemisphere and almost entirely within the Western Hemisphere; it includes countries such as Canada, the United States, and Mexico.

Registered Design

A legal protection granted to the visual design of objects to prevent unauthorized copying or imitation.

Industrial Process

A structured set of activities related to the manufacture, processing, or treatment of various materials or products on a large scale.