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

question 62

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The two components of product/service feasibility analysis are product/service demand and:


Definitions:

Informal Communication

The exchange of information and messages that occurs outside the formal communication structures within an organization, such as casual conversations.

Non-Routine Situations

Scenarios or tasks that lack a standard procedure or solution, requiring creativity and adaptability to resolve.

Formal Hierarchy

The explicit, officially designated structure of authority, roles, and communication in an organization, specifying how tasks are divided and coordinated.

Flexibility and Responsiveness

The ability of an organization to adapt quickly to changes and effectively respond to new demands or opportunities.

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