After the Business Analysis Phase of the New Product Development

question 36

Multiple Choice

After the business analysis phase of the new product development process, a physical version of the product is typically developed. This is called a ________.

• A) test market
• B) focus group
• C) business analysis
• D) product concept
• E) prototype

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Definitions:

Memorize Check

A feature in financial software that allows users to save the details of a written check for future reference or replication.

Automate

The use of technology to perform tasks with minimal human intervention.

Overdraw

Occurs when an account's balance goes below zero because more money has been withdrawn from the account than was available.

Sales Receipt

A document that provides evidence of a transaction in which goods or services are purchased and paid for in full at the time of the sale.