Opportunity Recognition, Technical Feasibility Analysis, and Prototype Building and Field

question 10

Multiple Choice

Opportunity recognition, technical feasibility analysis, and prototype building and field testing are elements of the ____. ​

• A)industry life cycle
• B)product development cycle
• C)trademark process
• D)new product checklist
• E)successful product realization

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Definitions:

Intellectual Inferiority

refers to the perception or belief that certain individuals or groups have lower cognitive abilities compared to others.

Step-variable

Costs that remain fixed over small ranges of production or activity levels but can change with larger shifts in activity.

Mixed

A category that includes a combination of various elements or types.

Variable

An element, feature, or factor that is liable to vary or change.