The Stage of the New-Product Development Process That Internally and Externally

question 217

Multiple Choice

The stage of the new-product development process that internally and externally evaluates new-product ideas to eliminate those that warrant no further effort is referred to as

• A) development.
• B) Stage-Gate®.
• C) idea generation.
• D) business analysis.
• E) screening and evaluation.

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Definitions:

Capital Stock

The total amount of physical goods and financial assets that are used in the production of goods and services in an economy.

Depreciation

The measure of the reduction in value of an asset over time, often due to wear and tear.

Disposable Income

The amount of capital available for household expenditures and savings once income taxes have been removed.

Inventory

The goods and materials that a business holds for the ultimate goal of resale or repair.