Scenario 12.2 Use the Following to Answer the Questions

question 42

Multiple Choice

Scenario 12.2
Use the following to answer the questions.
Jonathan Moore,president of Polar Manufacturing Company,has just reviewed the performance reports for the previous year and sees that there are some areas in which the company needs to improve.He specifically feels they could do a better job in managing Polar's product mix.Jonathan calls a meeting of all the managers responsible for each of the product lines that Polar currently manufactures.The group decides that they need to eliminate the complete industrial product line of ice chests,and plan to do so by letting the product decline without any changes in the marketing strategy or product.The group also decides to delete Polar's line of personal thermal underwear,however this product is to be discontinued within the week due to its unprofitability.While discussing these strategies,the group has also uncovered several customer groups for which new products could be developed.The managers decide to assemble a group of people from all functional areas of the company and give them the responsibility for all aspects of the new-product development.
-Refer to Scenario 12.2.Polar management is currently in which stage of new product development?

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

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Definitions:

Maverick Buying

The practice of making unauthorized purchases outside of agreed procurement policies and contracts.

Talented Member

Refers to an individual within a group or organization who possesses exceptional skills, abilities, or knowledge.

Innovations

The introduction of something new, such as a method, idea, or device, that creates value or solves a problem.

Requisition

A formal request or demand for something needed, typically used within organizations for procuring goods or services.