In the New Product Development Process, the First Idea-Reducing Stage

question 55

Multiple Choice

In the new product development process, the first idea-reducing stage is ________.

• A) business analysis
• B) idea generation
• C) concept development
• D) crowdsourcing
• E) idea screening

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Definitions:

Skill-Based Pay

A compensation system that establishes pay levels based on the skills or qualifications an employee possesses, rather than the job position alone.

Quality Circle

A voluntary group of workers who perform the same or similar work, who meet regularly to identify, analyze, and solve work-related problems, aiming to improve the performance of their area and to enhance their own working lives.

Worker Involvement

The practice of involving employees in decision-making processes and operational tasks to boost morale, productivity, and engagement.

Industrialized Countries

Nations that are characterized by significant industrial activity, advanced technological infrastructure, and higher standards of living.