There Are Two Components to Product/service Feasibility Analysis: Product/service Desirability

question 9

True/False

There are two components to product/service feasibility analysis: product/service desirability and total startup funds needed.

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Definitions:

HR Strategy

Strategy within human resources that aligns with the overall organizational strategy to ensure effective use of people in achieving organizational goals.

External Environment

Factors outside of an organization that can impact its performance, including economic, social, technological, and political conditions.

Forecasting

The process of making predictions of future events or trends based on analysis of past and present data.

Scanning

The act of analyzing the internal and external environments of an organization to identify trends, opportunities, and threats.