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Set 2_PHR305_ New Product Development Flashcards | StudBud
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Set 2_PHR305_ New Product Development
Set 2_PHR305_ New Product Development
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1
Executives, manufacturing employees, and salespeople are all examples of ________.
Core members of innovation management systems
Research and development team members
External sources of new product ideas
Internal sources for new product ideas
2
Inviting broad communities of people and even the public at large into the new product innovation process is known as
Idea generation
Crowdsourcing
Concept Development
Idea screening
3
The purpose of idea generation is to create ____ number of ideas. The purpose of succeeding stages is to ___ that number
Large number; reduce
Small number; increase
Small number; reduce
Large number; increase
4
An attractive idea must be developed into a _______.
Product concept
Test market
Product idea
Product image
5
_____ calls for testing new product concepts with groups of target consumers.
Concept testing
Concept development
Idea screening
Test marketing
6
A detailed version of a new idea stated in meaningful customer terms is called a _____ .
Product image
Product proposal
Product concept
Product idea
7
Which of the following is not a potential reason for a new product to fail?
Higher than anticipated costs of product development
A poorly designed product
An incorrectly positioned product
An underestimated market size
8
What are the two ways that a company can obtain new products?
New-product development and acquisition
Service development and product extension
Internal development and brand management
Line extension and brand management
9
New product development starts with _______ .
Concept development
Concept testing
Idea screening
Idea generation
10
Product improvements, product modifications and original products can all be classified as _____.
Product concepts
Pioneer products
Product ideas
New products