Which of the Following Was NOT Identified in the Textbook

question 66

Multiple Choice

Which of the following was NOT identified in the textbook as a key to effective new product development?

• A) Develop products that add value.
• B) Get quality and pricing right.
• C) Find a need and fill it.
• D) Conduct ongoing feasibility analysis.
• E) Focus on broad target markets.

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Definitions:

Consumer

An individual or group that purchases goods and services for personal use, driving demand in the economy.

Third-Party Payments

Transactions in which the person making a payment is not directly receiving the good or service, often seen in healthcare and insurance.

Healthcare Prices

The cost associated with medical services and products, which can vary widely depending on a variety of factors.

Economize

The act of using resources efficiently, especially to reduce costs.