Stage of the New-Product Process That Develops a Pool of Concepts

question 84

Multiple Choice

stage of the new-product process that develops a pool of concepts as candidates for new-products is referred to as __________.

• A) idea generation
• B) product development
• C) open innovation assessment
• D) screening and evaluation
• E) new-product strategy development

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Definitions:

Incremental Manufacturing Cost

The additional cost incurred for the manufacturing of one more unit of a product.

Relevant Range

The range of activity within which the assumptions about variable and fixed costs remain valid, used in cost accounting and financial planning.

Product Costs

The costs incurred by a business to manufacture a product, including direct materials, direct labor, and manufacturing overhead.

Variable Cost

Costs that vary directly with the level of production or output, including materials and labor expenses.