-Figure 9-5 Above Represents the Seven Stages of the New-Product

question 103

Multiple Choice

-Figure 9-5 above represents the seven stages of the new-product development process. Stage 4 is the __________ stage.

• A)idea generation
• B)screening and evaluation
• C)business analysis
• D)new-product strategy development
• E)market testing

Understand the concept of entrepreneurship as a process and its unpredictable and uncertain nature.

Recognize the role and impact of social entrepreneurs in addressing social and environmental problems.

Comprehend the concept of franchising and its implications for entrepreneurs.

Distinguish between entrepreneurial and managerial thinking.

---

Definitions:

Hormone Present

Refers to the existence or concentration of hormones in the body, which are chemical messengers that regulate physiological activities.

Atrophy

The decrease in size or wasting away of a body part or tissue, often due to disease, injury, or lack of use.

Posterior Pituitary

The back part of the pituitary gland that releases hormones, such as oxytocin and vasopressin, directly into the bloodstream.

Anterior Pituitary

The front part of the pituitary gland that produces and releases hormones into the bloodstream which regulate various physiological processes.