Every new product must be carefully analyzed in terms of financial considerations in the _____ stage of the product development process.
A) business analysis
B) idea accumulation
C) product testing
D) total product development

Question

Quizplus · Accepted Answer

The business analysis stage is where the financial considerations of a new product are evaluated to determine if it is viable to continue with the development process. This includes conducting market research, estimating costs and potential profits, and analyzing the competition. The other stages in the product development process, such as idea accumulation and product testing, focus more on the conceptualization and creation of the product rather than its financial viability.

Every New Product Must Be Carefully Analyzed in Terms of Financial