Once a New Product or Service Passes the Business Analysis

question 106

Multiple Choice

Once a new product or service passes the business analysis phase, it moves into the ________ phase.

• A) concept development
• B) technical development
• C) market testing
• D) strategy development
• E) product proposal

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Definitions:

Lessee

An individual or entity that leases or rents an asset from its owner, known as the lessor.

Captive Finance Company

Wholly owned subsidiary that handles credit extension and receivables financing through commercial paper.

Wholly Owned Subsidiary

A company whose entire stock is held by another company, making it completely controlled by the parent company.

Manufacturer

A type of business or company that produces finished goods from raw materials in large quantities for sale.