In Which Phase of the Product Development Process Are Ideas

question 14

Multiple Choice

In which phase of the product development process are ideas eliminated that do not meet the company's mission or that are too expensive to develop?

• A) idea generation
• B) idea screening
• C) analysis
• D) development

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Definitions:

Revenue

The total amount of money generated by a company from its normal business operations, before any deductions are made.

Operating Cash Flows

Money generated from a company's regular business operations, indicating its ability to cover expenses and invest.

Fixed Assets

Long-term tangible assets such as buildings, machinery, and equipment that a company uses in its operations and is not expected to consume or convert into cash within one year.

Net Income

The conclusive earnings a company achieves post the deduction of all operational expenses and tax liabilities from its income.