Developing a Pool of Concepts as Candidates for New Products

question 42

Multiple Choice

Developing a pool of concepts as candidates for new products is the __________ stage of the new-product process.

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

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Definitions:

Transferable

Pertaining to assets or rights that can be legally transferred from one party to another.

Uncollectible

Refers to debts or receivables that are deemed impossible to collect on or recover due to the debtor's inability to pay.

International Trade

The exchange of goods and services across international borders or territories.

Draft

A draft is a preliminary version of a document, plan, or design that is subject to revisions and improvements.