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

question 120

Multiple Choice

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:

Sanitary Landfill

A waste disposal site where trash is isolated from the environment until it is safe. It is considered the most common method of organized waste disposal.

Standard Deviation

A statistical measure of the dispersion or variability of a set of values, indicating how much the values in a data set deviate from the mean.

Capacity

The maximum level of output that a company can sustain to produce goods or services at a given time.

Demand Pattern

The trends, fluctuations, and behaviors in consumer demand over a specific period.