_____ Involves Introducing Your Product to Potential Customers and Taking

question 2

Multiple Choice

_____ involves introducing your product to potential customers and taking orders for late delivery.

• A)R&D
• B)Test marketing
• C)Preselling
• D)New entrant business

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Definitions:

Material Facts

Important facts that could influence a decision maker’s conclusion or outcome in a legal, financial, or commercial context.

Insurer

A company or entity that provides financial protection against specified risks in return for premiums.

Disclosure

The act of making new or secret information known.

Concealment

The act of hiding or not disclosing important information intentionally.