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The term 'Evaluation' has a larger meaning and more exhaustive, covering all aspects of a project or business proposal, including utility, profitability, time frame, risk factors, market opportunities, competition, production, marketing and financial plans analysis, strategic strengths, synergies in case of a buying an existing business etc.,

Whereas the term 'feasibility' is generally referred to specific areas and usually limits the meaning to whether the project or business proposal is a worthwhile one in terms of technical, production, marketing and financial feasibility.

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Q: What are the differences between evaluation report and feasibility report?
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