During the First Stage of the New-Product Process,two Important Activities

question 290

Multiple Choice

During the first stage of the new-product process,two important activities take place.They are

• A)SWOT analysis and environmental scanning.
• B)open innovation and business analysis.
• C)concept testing and product forecasting.
• D)R&D and operations set-up.
• E)environmental scanning and open innovation.

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Definitions:

Safety Stock

Extra inventory kept on hand to prevent stockouts caused by variations in supply and demand.

Lead Time

The time interval between the initiation and completion of a process, such as the period from placing an order to its delivery.

Safety Stock

Inventory held in reserve to guard against stockouts caused by variability in demand or supply chain delays.

Lead Time

The time interval from the initiation of a process (such as placing an order) to its completion (such as the delivery of goods or services).