A Prototype Is A(n)

question 297

Multiple Choice

A prototype is a(n)

• A)miniature version of an actual new product used in concept testing to identify any changes that need to be made prior to its commercialization.
• B)full-scale operating model of the product under development.
• C)sample of a new product given to prospective customers and opinion leaders used to generate awareness prior to the product's commercial release.
• D)simulated operating model of the product given to consumers to use in full-scale field testing.
• E)a digital version of a product produced in multiple shapes,colors,and sizes to determine which version of the product customers like best.

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Definitions:

Liabilities

Debts or obligations that arise during the course of business operations, which must eventually be paid off or settled.

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event.

Times Interest Earned

A financial metric assessing a company's capacity to fulfill its debt responsibilities using its present earnings.

Liabilities

Financial obligations or debts of a business entity that are owed to third parties.