What step in developing new products involves determining whether the product idea is compatible with company objectives, needs, and resources on a general level?

A. Product development
B. Evaluation of competitor's efforts
C. Screening
D. Idea generation
E. Business analysis


Answer: C

Business

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Consumers' characteristics can be classed as either behavioral or cognitive. Examples of cognitive factors include cultural values, personality traits, and ________.

A. gender B. benefits sought C. social class D. usage rate E. education

Business

For a given item controlled by a periodic review system the target level is 100 units. If there are 40

units on the shelf and the lead time is 2 weeks then the order quantity should be: A) 140 units. B) 60 units. C) 85 units. D) 120 units. E) 40 units.

Business

A regressive tax rate is one that increases as you make more income

Indicate whether this statement is true or false.

Business

Worker compensation statutes are an example of:

a. a potential statutory limit on workplace tort liability b. a statutory limit on how many cases may be brought against a manufacturer for a defective product that causes injuries c. a potential cause for tort liability for a manufacturer d. the main cause of most business tort cases e. none of the other choices are correct

Business