One Method of Developing a New Product Is to Develop

question 125

Multiple Choice

One method of developing a new product is to develop a model which incorporates more planning and follows a sequential timeline with key process metrics being met at each stage before moving on through the process.In this model,the product that results is __________.

• A) A rough model that can be changed easily
• B) A model that is considered close to the final product that will be rolled out to customers
• C) A model that is put together in a form that can be decomposed into parts and altered to create new forms
• D) A model that is inferior to the final product to test the worst case scenario of market introduction
• E) None of the above

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Definitions:

Product Flow

The movement of goods from supplier to customer through various stages of production, storage, and distribution.

Funds Flow

The movement of money into and out of a company, showing how financial resources are allocated.

Cyclical

Describing fluctuations in economic activity, markets, or prices that occur in regular or predictable cycles, often related to changes in business or economic conditions.

Network

A connected system of individuals, devices, or organizations designed to distribute information or resources efficiently.