Developing a Pool of Concepts to Serve as Candidates for New

question 220

Multiple Choice

Developing a pool of concepts to serve as candidates for new products is the __________ stage of the new-product process.

• A)open innovation
• B)screening and evaluation
• C)product development
• D)new-product strategy development
• E)idea generation

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Definitions:

Banks

Financial institutions licensed to receive deposits and provide loans, and offer various other financial services like wealth management, currency exchange, and safe deposit boxes.

Brokers

Individuals or firms that act as intermediaries between buyers and sellers, facilitating transactions.

Recommender System

A type of information filtering system that suggests products, services, or content to users based on analysis of data.

Third-Party Vendor

An external organization that provides goods or services to a primary organization without having direct control or ownership.