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True / False : Business analysis provides a tentative sketch of a product's profitability.

1 Answer

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Final answer:

Business analysis is a comprehensive assessment of factors affecting a product's market success and goes beyond just a tentative sketch of profitability. It uses tools like market analysis and Cost Benefit Analysis to provide both quantitative and qualitative insights. False.

Step-by-step explanation:

False, business analysis does more than provide a tentative sketch of a product's profitability; it offers a comprehensive assessment of the various factors that can affect a product's success in the market. Business analysis involves techniques like market analysis, examining shapes and dimensions of physical components in a detailed design, and assessing the benefits of decisions through tools such as Cost Benefit Analysis. These analyses consider both quantitative and qualitative aspects, balance costs with benefits, and can include positive analysis to make objective assessments, such as predicting the success of a proposed subway system based on expected benefits exceeding costs.

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