After Building a Prototype of His New Device, Brad Is

question 184

Multiple Choice

After building a prototype of his new device, Brad is asked to conduct rigorous functional testing to see if the device meets performance and safety qualifications. This is part of the ____ phase of the new-product development process.

• A) product design
• B) screening
• C) product development
• D) concept testing
• E) test marketing

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Definitions:

Sole Proprietorship

A business model in which a sole individual is the owner, manager, and bears the entire responsibility for the business’s liabilities and operations.

Legal Formalities

Specific procedures and requirements established by law that must be followed for certain actions or documents to be legally valid or enforceable.

Personal Liability

The legal responsibility of an individual to satisfy debts or obligations incurred through their actions or decisions.

Investor-Owners

Individuals or entities that own a portion of a company through the possession of its stock, giving them a stake in its success.