Now That the Design of a New Smart-Fridge Has Been

question 64

Multiple Choice

Now that the design of a new smart-fridge has been finalized, Igloo must now estimate preliminary demand, cost, sales, and profitability. What stage of the new product development process is this?

• A)prototype screening
• B)idea generation
• C)concept testing
• D)business analysis

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Definitions:

Compensatory Damages

Money awarded to a plaintiff as reimbursement for her or his losses; based on the amount of actual damage or harm to property, lost wages or profits, pain and suffering, medical expenses, disability, etc.

Breach of Contract

The failure to perform an obligation or promise specified in a contract, which can lead to legal action by the injured party for damages or enforcement.

Landlord's Consent

Landlord's consent is the approval a landlord must give for certain actions by the tenant, such as alterations to the property or subletting.

Majority Rule

A decision-making process in which the preferences or votes of more than half of the members of a group determine the outcome.