What type of study is conducted to determine the profitability of an idea, including its financial and technical feasibility?

A feasibility study is conducted specifically to evaluate the viability of a proposed idea or project. It assesses both the financial and technical aspects to determine whether the idea can be successfully implemented. This type of study typically involves analyzing potential costs, expected revenues, technical requirements, and market conditions to establish whether the project is practical and worth pursuing.

In contrast, market analysis focuses primarily on understanding the target market, consumer preferences, and competitive landscape, rather than evaluating the overall feasibility of the idea. Risk assessment involves identifying and analyzing potential risks associated with a project but does not provide a comprehensive evaluation of financial and technical feasibility. Lastly, a product development review examines the status and outcomes of a product throughout its development stages but is not specifically aimed at assessing the profitability or feasibility of the initial concept.