The Two Components of Product/service Feasibility Analysis Are Product/service ________

question 46

Multiple Choice

The two components of product/service feasibility analysis are product/service ________ and product/service ________.

• A) value; affordability
• B) demand; timeliness
• C) timeliness; value
• D) durability; value
• E) desirability; demand

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Definitions:

Inverse Demand

A conceptual representation showing the relationship between the price of a good and the quantity demanded, expressed with price as a function of quantity.

Total Costs

The entirety of expenses involved in generating goods or services, covering both constant and fluctuating costs.

Pushcart

A small cart on wheels, often used by vendors to sell goods in public areas.

Output

The volume of output in terms of products or services from a corporation, industry, or the economic structure.