Which of the Following Takes Place During the Second Stage

question 55

Multiple Choice

Which of the following takes place during the second stage of a stage-gate development funnel?

• A) The product development proposal is reviewed in terms of its fit with the goals and strategies of the organization.
• B) A senior management committee reviews the new product development plan.
• C) Organizational resources are allocated for developing a prototype of the product.
• D) A cross-functional team of managers is formed to develop a detailed plan for product development.

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Definitions:

New York City

A major metropolitan area in the United States, known for its significant impact on global finance, culture, media, and fashion.

Quota Rent

Income earned by holders of import licenses when a government imposes a quota on foreign goods, limiting the quantity that can be imported and creating a market premium for the licenses.

Fried Twinkie

A snack consisting of a Twinkie deep-fried in batter, often served as a novelty or fair food.

Government Imposes

Actions taken by governmental bodies to regulate, control, or influence various aspects of economic or social life through laws, regulations, or directives.