In New Product Development,a "Phases and Gates" Approach Means That

question 10

Multiple Choice

In new product development,a "phases and gates" approach means that:

• A)A firm's market is divided into specific segments (or "phases")linked by "gates" which allow synergies to be exploited
• B)A firm's product development relies on time segments that must be linked through gates
• C)The process is divided into consecutive stages,at the end of each a decision is made as to whether to continue to the next stage of development
• D)The product is divided into separate modules where the interface between them are viewed as gates

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Definitions:

Outstanding Balance

It signifies the total amount still owed on a loan or credit line, factoring in both principal and interest, at a certain point in time.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets over a specific period.

Per Annum

Annually or by the year; often used to specify interest rates, salaries, and other financial measurements that occur on a yearly basis.

Accumulate

In investment terms, to gradually gather or acquire an increased quantity of a particular asset or security over time.