Question: 2 . 3 Differentiate between a concept study, a prefeasibility study and a feasibility study. Give practical examples to clarify your explanation. Bear in mind

2.3Differentiate between a concept study, a prefeasibility study and a feasibility study. Give practical examples to clarify your explanation. Bear in mind the levels of accuracy and cost estimates required when the studies are undertaken. (10)Are there any requirements for such studies to be conducted successfully. If so, what are they? (3)Identify possible problems in your opinion that may arise while using these studies for full a full-scale operation.

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