There Are Seven Stages of the New-Product Development Process

question 40

Multiple Choice

There are seven stages of the new-product development process. Right before commercialization is stage 6, which is the ________ stage.

• A) business analysis
• B) screening and evaluation
• C) market testing
• D) launch
• E) development

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Definitions:

Placebo Effect

A phenomenon where an individual experiences a perceived improvement in condition or symptoms after receiving a treatment that has no therapeutic effect.

Hawthorne Effect

A phenomenon where individuals modify an aspect of their behavior in response to their awareness of being observed.

Student Observation

The process of systematically watching and noting the behaviors and skills of students, often used in educational settings to assess progress or identify needs.

Technology

The application of scientific knowledge for practical purposes, especially in industry or the development of devices, systems, or methods to solve problems.