A statement that identifies: (1)a well-defined target market; (2)specific customers' needs,wants,and preferences;and (3)what the product will be and do to satisfy consumers is referred to as a new product's or service's
A)protocol.
B)proposition.
C)modus operandi.
D)formula.
E)methodology.

Question

Quizplus · Accepted Answer

A protocol is a statement that outlines the target market, customer needs, and how the product will satisfy those needs.

A Statement That Identifies: (1)a Well-Defined Target Market; (2)specific Customers