In the third stage of the new product development process, which is developing and evaluating new product concepts, the company will
A) determine if the new product is a good fit for the company and its resources
B) develop a detailed description of the product and ask prospective consumers to evaluate it and to indicate their willingness to purchase the product
C) determine the product's projected costs, return on investment, and cash flow
D) determine if the projected target market is large and attractive enough to pursue the new product
Correct Answer:
Verified
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Q98: In terms of new products, continuous innovations
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Q101: The price level for a new product
Q102: It is important during the _ step
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Q104: Simulated test marketing
A) simulates purchase environments in
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