The Stage of the New Product Development Process That Attempts

question 43

Multiple Choice

The stage of the new product development process that attempts to reduce the number of ideas and identify those ideas with potential for further development is known as:

• A) idea screening.
• B) concept testing.
• C) idea pre- screening.
• D) idea vetting.
• E) idea generation.

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Definitions:

Days' Sales

Often refers to the average number of days it takes for a company to collect revenue after a sale has been made.

Inventory Management

The overseeing and controlling of the ordering, storage, and use of components that a company uses in the production of the items it sells.

Specific Identification

An inventory costing method where each item in inventory is identified and tracked individually.

Ending Inventory

The complete worth of goods on the market at the closure of a bookkeeping period.