The Feasibility Study Is Critically Important to the System Development

question 71

True/False

The feasibility study is critically important to the system development process because,when done properly,the study can prevent companies from making expensive mistakes,such as creating systems that will not work,that will not work efficiently,or that people cannot or will not use.

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Definitions:

Unrelated Diversification

A growth strategy whereby a new business lacks any common elements with the present business.

Growth Strategy

A plan of action designed to increase the market share, sales, revenues, or profits of an organization.

Frozen Foods Industry

A sector of the food industry focused on the production, marketing, and sale of foods preserved by freezing.

Product Development

The complete process of bringing a new product or service to market, from initial concept through design, development, and introduction to consumers.