A Product Idea Is ________

question 9

Multiple Choice

A product idea is ________.

• A) the way consumers perceive an actual or potential product
• B) the knowledge and awareness of a product among consumers
• C) a possible product that the company can see itself offering to the market
• D) a detailed version of the new product idea stated in meaningful consumer terms
• E) the testing of new product concepts with groups of target consumers

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Definitions:

Sliding-Scale Standard

A varying measure of assessment that adjusts based on different factors or conditions, often used in determining fees based on one's ability to pay.

Internet Business Contacts

Digital means of communication and networking used by businesses to connect with clients, partners, and other relevant entities online.

Jurisdiction

The legal authority granted to a court or legal body to hear and decide cases.

State Court Systems

The network of courts within a specific state that interprets and applies the state's law in civil and criminal cases.