Evaluating a Product Idea to Determine Its Likelihood of Success

question 71

Multiple Choice

Evaluating a product idea to determine its likelihood of success is

• A) product screening
• B) estimating
• C) technological forecasting
• D) product windowing
• E) product evolution

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Definitions:

Resource Dependence

The dependency of organizations on environmental inputs, such as capital, raw materials, and human resources as well as outputs such as customers.

Environmental Uncertainty

The unpredictability that an organization faces due to external factors beyond its control, such as economic conditions or technological changes.

Dynamic Environment

A situation or place characterized by constant change, activity, or progress, which can affect individuals, businesses, or ecosystems.

Resource Dependence

A theory that describes how external resources of an organization can influence its behavior and strategies.