The New-Product Process an Organization Goes Through to Identify Business

question 304

Multiple Choice

The new-product process an organization goes through to identify business opportunities and convert them into salable products or services contains

• A)three main steps: research,production,and distribution.
• B)four distinct steps: research,evaluation,production,and distribution.
• C)five key phases ranging from idea generation to creating the first prototype.
• D)seven stages from new product strategy development to commercialization.
• E)three phases: planning,implementation,and evaluation.

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Definitions:

Problem Solving

The cognitive process(es) used in transforming starting information into a goal state using specified means of solution.

Verbal Comprehension

The ability to understand words, sentences, and texts; often assessed in psychological testing as an aspect of cognitive ability.

Expressional Fluency

A measure of an individual's ability to swiftly find words and articulate ideas effectively.

Associative Memory

A form of memory that links related information, allowing the recall of an associated item when a related cue is presented.