Which of the Following Statements Is Most Likely True About

question 16

Multiple Choice

Which of the following statements is most likely true about the new product development process?

• A) The first step in developing a new product involves determining any budgetary or distribution limitations.
• B) Most firms discourage employees from contributing new product ideas because of legal concerns.
• C) In most cases, concept testing is followed by concept development.
• D) A product concept should be developed for each idea before it goes through idea screening.
• E) Customers, competitors, distributors, and suppliers are major sources of new product ideas.

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Definitions:

Qualitatively New Patterns

refers to the emergence of behaviors or thought processes that are fundamentally different and more complex than previous stages, indicative of developmental progress.

Psychological Characteristics

Traits that describe an individual's mental attributes, patterns of thought, emotions, and behaviors.

Genetic Factors

Components of an organism's genetic makeup that influence its characteristics, including physical appearance, behavior, and susceptibility to certain diseases.

Theories

Systematic sets of ideas and principles designed to explain certain phenomena or observations, which are supported by evidence and can predict outcomes or behaviors.