In which of the following cases is crowdsourcing used for new product development?

In which of the following cases is crowdsourcing used for new product development?

Exam

Name___________________________________

MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion.

In a sequential new product development process,whichofthefollowingistrueoftheproduct

developmentstep?

Productdevelopmentisusuallyfollowedbytest marketing.

Productdevelopmentinvolvesintroducingaproductintorealisticmarketsettings.

Productdevelopmentisusuallyfollowedbyabusinessanalysisofthe product.

Productdevelopmenthelpstopmanagementreviewprofitprojections.

Productdevelopmentavoidstestingproductsonactualcustomersduetoliability

concerns.

Whichofthefollowingistrueofthegrowthstageoftheproductlifecycle?

Newcompetitorsavoidthemarket.

Salesstartclimbing quickly.

Pricestendtoincreasesignificantly.

Profitsarenonexistentatthisstage.

Earlyadoptersstopbuyingtheproduct.

________givesmanagement theinformationneededtomakeafinaldecisionaboutwhetherto

launchthenewproduct.

In the ________ stage, a firmmost likely facesa trade-off between high market shareandhigh

currentprofit.

EvansandHills,abeveragesmanufacturingcompany,hasdevelopedanewline ofspecialty

teasandisseekingregularinputfromthetestmarketingprocess.Tofacilitatethisprocess,the

firmusesBuyerScan,asoftwarethatgenerates store-by-store, week-by-weekreportson the

actualsalesoftestedproductsandtheimpactof in-storeandin-home marketing efforts.Which

of the followingapproaches does this scenario illustrate?

Which of the following is a step in the new product development process?

Although the product development process differs by industry, it can essentially be broken down into seven stages: ideation, research, planning, prototyping, sourcing, costing, and commercialization.

In which stage of the product development process would brainstorming sessions occur?

Stage 1: Idea Generation The goal should be to generate many worthy ideas that can form the foundation for the New Product Development strategy. The major focus for stage 1 should be to arrange brainstorming sessions where solving customer problems is given precedence.

Which of the following is are a part of new product development process idea generation concept development and testing both A and B None of above?

The seven stages of the new product development process are: Idea Generation, Idea Screening, Concept Development and Testing, Business and Marketing Strategy Development, Product Development, Test Marketing, and Commercialization.

Which of the following are among the best sources for finding new product ideas?

Internal ideas are generated through product team brainstorming, external ideas usually come from communication with suppliers, customers and competitors, and idea generation exercises.