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Chapter 6 Developing and managing product Flashcards | StudBud
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Chapter 6 Developing and managing product
Chapter 6 Developing and managing product
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Developing and Managing Product
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Idea Generation is the first step in the new-product development process.
true
False
2
The first stage of the new-product development process is :
establishing the new product strategy
developing a business analysis
the building of prototype
screening and concept testing
3
At what stage of the new-product development process are most new product ideas rejected?
Business Analysis
Test Marketing
Idea screening
idea generation
4
______evaluate new product ideas usually before any prototype has been created .
Markets tests
simulated market test
user tests
Concepts tests
5
Profits typically reach their peak during growth stage of product life cycle.
True
False
6
In the long run , product fail because of poor match between:
advertising and personal selling
limited resources and unlimited customer wants
the marketing mix and physical distribution
product characteristics and consumer needs
7
The development stage of new-product development process works best when ___ is practiced.
the new product paradigm
simultaneeous product development
competitives product quality
laboratory testing
8
The most important factor to introductions new product is to match between product characteristics and customer desires.
False
True
9
It is considered inefficient to use concept tests during the idea screening stage of new product development process.
True
False
10
The product life cycle concept encourages marketing managers to act reactively.
False
True