Viola Is Developing a New Product and Is Working with Specialists

question 82

Multiple Choice

Viola is developing a new product and is working with specialists from her organization to eliminate ideas that cannot be developed within the company's resources.Viola is in what stage of product development?

• A)Test marketing
• B)Product development
• C)Screening
• D)Commercialization

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Definitions:

Geographically Concentrated

Refers to businesses, populations, or industries that are heavily localized within a specific area or region.

B₂B Buying

The process by which one business purchases goods or services from another business for use in production, resale, or general business operations.

B₂C Buying

The purchasing process in which businesses sell products or services directly to consumers, typically through retail or online channels.

B₂B Purchasing Process

The sequence of steps a business goes through to purchase goods or services from another business, often involving complex decision-making and multiple stakeholders.