Examlex

Solved

One of the Feasibility Issues Is "Technical Feasibility

question 2

Essay

One of the feasibility issues is "Technical Feasibility".What does that mean to you?


Definitions:

Competitive Price-searcher Market

A market structure where firms have some control over the pricing of their products due to differentiation, but still face significant competition.

Market Demand

The overall volume of a good or service that consumers in a market are ready and able to buy across a range of prices.

ATC

Stands for Average Total Cost, which is the total cost of production (fixed plus variable costs) divided by the number of units produced.

Related Questions