In Which Stage of Product Development Does Market Research Have

question 22

Multiple Choice

In which stage of product development does market research have a major role?

• A) Prototype development
• B) Commercialization
• C) Business analysis
• D) Product testing
• E) Concept testing

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Definitions:

Information Search

The process of seeking out data, facts, and resources to inform decision-making or understand a particular subject or problem.

Scientific Research

The systematic investigation and study of materials and sources to establish facts and reach new conclusions.

Solution Evaluation

The process of assessing the options available to solve a problem, involving comparison based on criteria such as effectiveness, feasibility, and cost.

Information Search

The process of seeking, acquiring, and evaluating data and information to make a decision or solve a problem.