The Stage of the New-Product Process That Develops a Pool

question 326

Multiple Choice

The stage of the new-product process that develops a pool of concepts as candidates for new-products is referred to as __________.

• A)idea generation
• B)product development
• C)open innovation assessment
• D)screening and evaluation
• E)new-product strategy development

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Definitions:

Outstanding Checks

Checks that have been issued by a company but have not yet been cleared or cashed by the recipient.

Discounted Note

A short-term debt security sold for less than its face value that will pay the face value at maturity; it reflects the discounted present value of the future cash flow.

Proceeds

The total amount of money received from a transaction, such as the sale of an asset, before any deductions.

Replenish Petty Cash

The process of adding funds to a petty cash fund, typically done when the balance drops to a predefined level, to ensure availability of cash for small, immediate expenses.