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

question 38

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


Definitions:

Public Park

A plot of land set aside by a government or community for recreational use by the public, often maintained with public funds.

Socially Optimum

A condition in economics where the allocation of resources maximizes the overall utility or welfare of society.

Socially Optimum

The ideal level of production or consumption from the perspective of society as a whole, where social welfare, including both costs and benefits, is maximized.

Public Park

A region designated for the enjoyment and recreation of people or for safeguarding wildlife and natural habitats, consisting of natural, semi-natural, or intentionally planted spaces.

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