Difficulty: Easy
Correct Answer: Economics
Explanation:
Introduction / Context:
A market analysis focuses on the external commercial environment for a product: customers, competitors, channels, and unmet needs. It supports demand forecasting and go-to-market strategy. Distinguishing it from the broader techno-economic feasibility avoids duplicated work across project phases.
Given Data / Assumptions:
Concept / Approach:
Separate external market study from internal economic evaluation. Competition, distribution, and opportunity mapping are core market topics. Comprehensive economics—cash flows, depreciation, and taxes—belong to the financial appraisal and project evaluation workstream.
Step-by-Step Solution:
Verification / Alternative check:
Most project manuals separate chapters into Market Study, Technical Study, and Economic/Financial Evaluation, underscoring different deliverables and skillsets.
Why Other Options Are Wrong:
Common Pitfalls:
Over-merging market and economic analyses, which can obscure assumptions and cause circular logic in demand vs. price forecasts.
Final Answer:
Economics
Discussion & Comments