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New product development is about A. improving the existing product and getting the highest bidder. В. creating new products that add value to customers, fit with their expectations, and can achieved cost-effectively. c. O creating new products that copies others ideas from competitors. D. creating new ideas to stakeholders and lobbying them. B.

New product development is about A. improving the existing product and getting the highest bidder. В. creating new products that add value to customers, fit with their expectations, and can achieved cost-effectively. c. O creating new products that copies others ideas from competitors. D. creating new ideas to stakeholders and lobbying them. B.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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New product development is about A. improving the existing product and getting the highest bidder. В. creating new products that add value to customers, fit with their expectations, and can achieved cost-effectively. C. creating new products that copies others ideas from competitors. D. creating new ideas to stakeholders and lobbying them.
Transcribed Image Text:New product development is about A. improving the existing product and getting the highest bidder. В. creating new products that add value to customers, fit with their expectations, and can achieved cost-effectively. C. creating new products that copies others ideas from competitors. D. creating new ideas to stakeholders and lobbying them.
Which one of thefollowing statement is true: A. The development do not require creativity and innovation to be successful. В. New product development is about creating new products that add value to customers, fit with their expectations, and can achieved cost-effectively. C. The development of new products do not take significant time and resources to bring an initial concept to successful market launch. D. Some of the electronic products have been developed more than 12 years but for other products can take less than a year.
Transcribed Image Text:Which one of thefollowing statement is true: A. The development do not require creativity and innovation to be successful. В. New product development is about creating new products that add value to customers, fit with their expectations, and can achieved cost-effectively. C. The development of new products do not take significant time and resources to bring an initial concept to successful market launch. D. Some of the electronic products have been developed more than 12 years but for other products can take less than a year.
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