In Which Stage of Product Development Does Market Research Have

question 22

Multiple Choice

In which stage of product development does market research have a major role?

• A) Prototype development
• B) Commercialization
• C) Business analysis
• D) Product testing
• E) Concept testing

Comprehend ethical intensities and their influence on decision-making.

Understand the concept and importance of ethical decision-making in organizations.

Identify the key components of ethical decision-making, including ethical intensity, ethics-based principles, concern for affected individuals, benefits and costs, and determination of rights.

Recognize the impact of organizational culture and formal ethics programs on ethical misconduct.

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Definitions:

Situational Components

Elements of an environment or context that can influence individuals' behavior, thoughts, and feelings in a given situation.

Attributions

The process of explaining the causes of behaviors and events, which can be internal (personal factors) or external (situational factors).

Personally Relevant

Pertains to information or situations that hold significant importance or consequence to the individual on a personal level.

Motives

Internal drives or reasons that prompt individuals to act in certain ways.