During Which Stage in the Development of New Products Is

question 64

Multiple Choice

During which stage in the development of new products is the product introduced in a limited way to determine buyers' reactions?

• A) screening
• B) business analysis
• C) commercialization
• D) product development and testing

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Definitions:

Durable Goods

Consumer goods that have a long life span (over three years) and are used over time, such as cars or appliances.

Farm Products

Goods that are derived from agriculture, including crops and livestock.

Financing Statement

A document filed to give public notice that a lender has a security interest in the collateral offered by a borrower.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt or performance of some other obligation.