All of the Following Are Steps in New Product Development

question 58

Multiple Choice

All of the following are steps in new product development EXCEPT ________.

• A)product analysis
• B)idea screening
• C)brand awareness
• D)commercialization

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Definitions:

Agency Termination

The process by which the relationship between a principal and their agent is ended, which could be due to expiration, mutual agreement, or other reasons.

Obligations

Legal or moral duties or responsibilities that an individual or entity is bound to perform or fulfill towards others.

Constructive Notification

For third parties who have previously dealt with the agent or who have begun to deal with the agent. This is accomplished by advertising the agency’s termination in a newspaper of general circulation in the place where the agency business regularly was carried on.

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the alleged principal, leading others to believe someone has the authority to act on behalf of a company or individual.