The First Step in a Stage-Gate Development Funnel Is to

question 45

Multiple Choice

The first step in a stage-gate development funnel is to

• A)draft a detailed product development plan.
• B)provide a list of technological requirements.
• C)encourage employees to come up with as many new product ideas as possible.
• D)develop a detailed developmental budget.
• E)sign a written agreement that details factors such as responsibilities and resource commitments.

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Definitions:

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.

Price Level

An index that measures the average prices of goods and services in an economy over a period of time.

Given Up

The cost of forgoing the next best alternative when making a decision, also known as opportunity cost.

Looking For Work

The activity engaged in by individuals who are seeking employment, often considered a measure of labor market activity.