A New Product Only Really Comes into Being When

question 39

Multiple Choice

A new product only really comes into being when:

• A) a concept is generated.
• B) the technology to create the product is acquired.
• C) a prototype passes scrutiny by potential users.
• D) it is successful in the market.

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Definitions:

Independent Variable

A variable thought to be the cause or predictor of changes in a dependent variable.

Regression Function

An equation in mathematics that illustrates how one or more variables that can vary independently affect a variable that depends on them.

Estimated Regression Line

A line calculated from regression analysis that represents the relationship between independent and dependent variables.

Sales

The exchange of a commodity for money; the action of selling something.