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

Question

Quizplus · Accepted Answer

The business analysis stage of new product development is where the financial considerations of a product are analyzed. This includes calculating costs, potential profits, return on investment, and break-even points. It is important for a company to carefully consider the financial aspects of a product before moving forward with development and launch.

Products Must Be Carefully Analyzed in Terms of Financial Considerations