Business Analysis Refers to the Stage of the New Product

question 153

Multiple Choice

Business analysis refers to the stage of the new product process

• A)where the target markets are selected and resources are allocated to reach them.
• B)where the target market segments that show potential are selected and those that do not are eliminated.
• C)that specifies the features of the product and the marketing strategy needed to bring it to market and make financial projections.
• D)where there is a formal accounting of all monies spent on R&D to determine the return on investment (ROI)that the new product will give back to the firm.
• E)that internally and externally evaluates new-product ideas to eliminate those warranting no further effort.

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Nerve

A bundle of fibers that transmits electrical impulses toward and away from the brain and spinal cord, facilitating communication between the body and nervous system.

Electrical Messages

Signals transmitted along neurons through changes in electrical potential, facilitating communication within the nervous system.

Nervous Tissue

A type of tissue composed of neurons and glial cells, specializing in the transmission of electrical nerve impulses throughout the body.