Sara Burns Is the Owner of a Company Called Spice

question 122

Multiple Choice

Sara Burns is the owner of a company called Spice and was looking for a new product to go with her company's line of food condiments, when a friend suggested combining spices with tea. In the ___________stage of the new-product process, spices and tea were turned into a prototype.

• A)business analysis
• B)development
• C)idea generation
• D)screening and evaluation

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Definitions:

Slave Trade

The historical practice of buying, selling, and transporting enslaved individuals, especially prevalent in the Atlantic world from the 16th to the 19th century.

Royal Families

Dynastic families who traditionally rule a country as monarchs, often passing leadership from one generation to the next.

Mercantilism

An economic theory and practice, dominant in Europe from the 16th to 18th centuries, that advocated government regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers.

National Wealth

The total value of all economic assets owned by a country, including natural resources, capital goods, and human capital, minus its liabilities.