After Creating a Product Prototype, a Company Tests It Within

question 12

Multiple Choice

After creating a product prototype, a company tests it within the firm to see how it performs in different applications. The company refines the prototype to correct the mistakes found in in-house testing. What should be the next step?

• A) commercializing the product
• B) performing concept testing
• C) conducting beta testing with customers
• D) creating a marketing strategy for the product
• E) performing business analysis

---

Definitions:

Turnover

The total sales generated by a company in a specified period, or the rate at which inventory or assets of a business "turn over" or are replaced.

Return on Investment

A metric utilized to assess the effectiveness or gains of an investment or to contrast the effectiveness of various investments.

Investment Opportunity

A financial venture or asset that has the potential to generate returns, contributing to wealth growth over time.

Operations

Daily operational tasks of a business aimed at creating value for its stakeholders.