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In the Systems Planning Phase, a Key Part of the Preliminary

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In the systems planning phase, a key part of the preliminary investigation is a feasibility study that reviews anticipated costs and benefits and recommends a course of action based on operational, technical, economic, and time factors.

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Definitions:

Quantitative Technique

A research or analysis method that focuses on obtaining and processing numerical data for statistical, mathematical, or computational analysis.

Aided Recall

A research technique where respondents are helped to remember specific information or advertisements through hints or prompts.

Cannibalization

A decrease in the sales figures, income, or percentage of market controlled by an existing product due to the launch of a new product by the same manufacturer.

New Products

Items that have been recently introduced to the market, offering new characteristics or intended uses.

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