Which of the Following Stages of the New-Product Development Process

question 88

Multiple Choice

Which of the following stages of the new-product development process is the first filter,which serves to eliminate new-product ideas that are inconsistent with the organization's new-product strategy or are obviously inappropriate for some other reason?

• A) Applied diffusion
• B) Introductory diffusion
• C) Business analysis
• D) Test marketing
• E) Idea screening

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Definitions:

Principle Amount

The principal amount is the initial size of a loan or an investment, not including profits or interest.

Loan Payment

A payment made by a borrower to a lender that may include both the principal and interest.

Effective Annual Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate, including any compounding that occurs during the year.

APR

Annual Percentage Rate, a measure that reflects the annualized cost of borrowing including interest and other fees, making it easier to compare different financial products.