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Sagot :
Economic feasibility means that a proposed system will be used effectively after it has been developed.
Economic feasibility
- The period of time when a break-even financial model of the business venture is developed based on all costs related to bringing the product from idea to market and achieving sales sufficient to satisfy debt or investment requirements is known as the economic feasibility step of business development.
Why is economic viability so crucial?
- The value of the economy. The development of your initiatives depends on their economic viability. Through forecasts, this research enables you to see the possible return on investment in real time. You will find it simple to decide whether to move forward with the project in this way.
To Learn more about Economic Feasibility, click the links.
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