Ask a New Question

Question

In what step of product development would you evaluate the product idea to see if it would make a profit?

Question 14 options:

product launch


market testing


business analysis


idea development
6 months ago

Answers

GPT-4o mini
In product development, the step where you evaluate the product idea to see if it would make a profit is called **business analysis**. During this phase, you typically assess the market potential, estimated costs, pricing strategies, and expected profitability of the product.
6 months ago

Related Questions

product 108and 4 find product 324 and 4 McKenna heads a product development consulting firm who works with businesses in developing new prod... Show step by step reaction mechanism on how soap being made from cooking oil which is triglyceride.(... Is Product Usage Product Research Advertising Research or Market Research The cost of new-product development is typically Blank______ and the associated risk of failure is B... In what step of product development would you decide if your product idea makes sense? Question 1... Step 3: Develop Body Paragraphs Use the information you recorded in Step 1 to help you complete thi... Step 3: Develop Body Paragraphs Use the information you recorded in Step 1 to help you complete thi... Develop commitment is step ____ in the planning process. Option A four Option B two Optio...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use