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

question 140

Multiple Choice

-Figure 9-5 above represents the seven stages of the new-product development process. Stage 6 is the __________ stage.

• A)business analysis
• B)screening and evaluation
• C)market testing
• D)commercialization
• E)development

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Definitions:

Health Care

The organized provision of medical services to individuals or communities for the purpose of promoting, maintaining, monitoring, or restoring health.

Flexible Benefit Plans

A benefits plan that allows employees to choose from a range of options, tailoring their benefits package to their specific needs.

Organizational Efficiency

Measures how effectively an organization utilizes its resources (time, money, personnel) to achieve its goals without waste.

Goal Setting

The method of pinpointing objectives that are specific, measurable, attainable, pertinent, and limited by time for successful accomplishment.