Feasibility Study - Definition

Feasibility Study (w.r.t to commercializing technology) is defined as building a crude prototype which is different than a prototype. A crude prototype does not need to be manufacturable or cost effective. It is merely a demonstration of a concept. A prototype on the other hand is much closed to how the product will look and behave in an actual production environment.

Category:

Science & Technology

Tags:

• Feasibility Study
• Prototyping
• demonstration