Final answer:
A feasibility study determines whether a project is technically and economically possible.
Step-by-step explanation:
The correct answer is b) Feasibility.
A feasibility study determines whether a project is technically and economically possible. It assesses the practicality and viability of a project by examining its potential costs, benefits, and risks. This study helps decision-makers make informed choices and determine whether to pursue a project or not.
For example, if a company is considering investing in the development of a new product, a feasibility study will analyze factors such as market demand, production costs, and potential profits to determine if the project is feasible from both technical and economic perspectives.