Product Development Process Quiz
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Questions and Answers

What is the step in which the costs, profits, and potential sales of the offering are calculated at different price levels?

  • Feature Specification
  • Testing
  • Development
  • Idea Screening (correct)
  • Which step involves the detailed development of specifications for the product's features and pricing?

  • Evaluation
  • Testing
  • Feature Specification (correct)
  • Development
  • In which step is the offering tested, first in the lab and then with real customers?

  • Evaluation
  • Launch (commercialization)
  • Testing (correct)
  • Idea Generation
  • Which step involves evaluating whether the offering is delivering the appropriate value to consumers and meeting the firm’s business goals?

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