Ideally,before a New Product Is Developed,a Firm Should Have a Precise

question 170

Multiple Choice

Ideally,before a new product is developed,a firm should have a precise protocol,which is a statement that identifies: (1) a well-defined target market; (2) __________; and (3) what the product will be and do to satisfy consumers.

• A) a clear plan for product distribution
• B) specific customers' needs, wants, and preferences
• C) an analysis of potential competitors' products
• D) a precise budget of how much can be spent for the marketing program
• E) clear financial goals and expectations

---

Definitions:

Organic Product

A compound or material produced through organic chemistry, typically derived from living organisms or their products.

Stepwise Mechanism

A reaction mechanism that proceeds through multiple discrete stages or steps, with intermediates identifiable between each step.

Organic Product

A chemical compound of biological origin or resembling natural compounds, usually based on carbon structures.

Synthetic Steps

The individual chemical reactions that are performed in sequence to synthesize a compound from simpler starting materials.