During the Product Analysis Stage of Product Development, All of the Following

question 15

Multiple Choice

During the product analysis stage of product development, all of the following occur EXCEPT which one?

• A) presenting idea to potential customers for feedback
• B) creating estimates of possible costs
• C) developing a prototype
• D) creating estimates of possible profits associated with launching the new product

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Definitions:

Fraud

Intentional misleading to achieve unjust advantages or to strip someone of their rightful entitlement.

Stop Payment

A request made to a financial institution to cancel the processing of a check or payment transaction before it has been completed.

Defect

An imperfection or shortcoming in a product or system that impairs its usability, safety, or functionality.

Uncertified Check

A check that has not been verified or guaranteed by the bank upon which it is drawn, unlike a certified check.