Keith and Andrew owns a software consulting firm.They wanted to create a new software product.They got a number of ideas from the employees of the firm.After analyzing all the ideas,they chose one particular product idea.Next,they assessed the new product's potential market,growth rate,and likely competitive strength.Further,resources were invested in research and product prototypes were developed to support these research effects.Keith and Andrew's firm has completed the stage of:

Question

Quizplus · Accepted Answer

The stage mentioned in the scenario where Keith and Andrew analyze the potential market, growth rate, and competitive strength of the new product idea, invest in research, and develop prototypes falls under making decisions on the business case. This stage involves evaluating the feasibility of the product idea and determining whether investing resources such as time, money, and effort will yield profitable returns. Hence, the correct answer is option C.

Keith and Andrew Owns a Software Consulting Firm