Today, in New Products Management, Development Ends

question 53

Multiple Choice

Today, in new products management, development ends:

• A) with the creation and testing of a final prototype.
• B) with the launch of the new product.
• C) when a product has performed satisfactorily in the hands of the end user.
• D) when the product arrives at the shipping dock.

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

New Capital

Funds or equity obtained by a company for the purpose of furthering its business objectives, or the addition of assets.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Economic Growth

Refers to an increase in a country's output of goods and services over time, typically measured by GDP.