Factors Such as Specifying Product Features,marketing Strategy,and Financial Projections Are

question 221

Multiple Choice

Factors such as specifying product features,marketing strategy,and financial projections are a part of which stage of the new-product process?

• A) idea generation
• B) market testing
• C) business analysis
• D) development
• E) commercialization

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Definitions:

Technological Progress

The advancement and innovation in technology that leads to new devices, methods, and capabilities, improving efficiency and quality of life.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among the world's economies, cultures, and populations.

Developed Countries

Countries with strong economies and advanced technological infrastructure relative to other less industrialized nations.

Underdeveloped Countries

Nations characterized by low levels of economic productivity, poor infrastructure, and limited access to basic needs and services for their populations.