From where are most of the best ideas generated for product development?
A) Universities
B) Government laboratories
C) School children
D) From within a company or its competitor

Question

Quizplus · Accepted Answer

Most of the best ideas for product development come from within a company or its competitor. Companies have access to information about their target market, customer needs and desires, and industry trends. They also have knowledge and expertise of their own products and processes, which can lead to new ideas or improvements. Competitors can also provide inspiration for product development as companies strive to stay ahead of the curve and offer something unique to their customers. While universities, government laboratories, and school children can generate ideas, they may not have the same level of expertise, access to resources, or understanding of the market as a company or its competitor.

From Where Are Most of the Best Ideas Generated for Product