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