Parris Laboratories Has Ordered Production Materials and Equipment Needed to Make

question 22

Multiple Choice

Parris Laboratories has ordered production materials and equipment needed to make its new slow-release chlorine emulsion for swimming pools in its Rossville plant.Which stage of new-product development is Parris Laboratories entering?

• A) diffusion analysis
• B) commercialization
• C) product prototyping
• D) business analysis

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Definitions:

Processed Further

A term used to describe additional operations or processing a product undergoes beyond the initial stages of production to enhance its value.

Financial Advantage

The benefit gained by a company or individual from financial actions or investments, which may include increased income, reduced costs, or other monetary gains.

Joint Process

A manufacturing operation that simultaneously produces multiple products from a single raw material input.

Split-off Point

In a manufacturing process, the stage at which multiple products are generated from a common input, and each can be independently processed or sold.