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New Product Development: Challenges, Strategies, and Market Testing

Examines the challenges and strategies involved in developing new products.

Zoey Taylor
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New Product Development: Challenges, Strategies, and MarketTestingQuestion 1.1.(TCO D) During a recall, companies should(Points : 11)not notify customers.disguise recall notices.not notify distributors.assess the safety risk.Question 2.2.(TCO F) Product architecture is(Points : 11)aprocess by which a customer's need is developed into a product design.the strategic balance of the product portfolio for risk and speed.outlined in the project innovation charter.developed in the concept generation phase.Question 3.3.(TCO I) The scoring team should not include(Points : 11)business-unit managers.product managers.specialists from information technology.marketing managers.Question 4.4.(TCO C) Customers are not used in problem analysis because(Points : 11)they have difficulty verbalizingthem.it creates negativeimpressions.problems should be hidden.they could provide information to competitors.Question 5.5.(TCO E) Market worth, firm worth, and competitive insulation are(Points : 11)factors used in an early rough screen.part of the PIC.part of the marketing plan.factors used for developing the budget.Question 6.6.(TCO B) Anything that can be shared by one or more product families is(Points: 11)leveraged creativity.a platform.

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