A feasibility study is a kind of formal report that helps an organization to make decisions by presenting detailed evaluations of different options that it might pursue. They might address the purchase of new equipment, the location of a new store, a change in a manufacturing process, etc. For example, if a company is considering the purchase of a new computer system, a feasibility study might evaluate three different systems to determine which system best meets the needs of the company. A business hoping to open a new location might evaluate multiple sites.
The feasibility study proceeds by establishing specific criteria, applying these criteria to the different options, drawing conclusions about each option, and making recommendations based on this analysis. Your opinions, beliefs, or preferences have no place in a feasibility study, nor do appeals to vague concepts such as popularity, desirability, or style. A successful feasibility study will give the decision makers in the organization all of the information they need to make the choice.
Write a 1,750- to 2,200-word feasibility study that
• Compares three options for products or services that it might purchase.
• Explains how you assessed the options.
• Makes a recommendation of which option to pursue.
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