What is concept testing? What is its importance? Explain two modern techniques used for concept testing
What will be an ideal response?
Concept testing means presenting the product concept to target consumers, physically or symbolically, and getting their reactions. The more the tested concepts resemble the final product or experience, the more dependable concept testing is. Concept testing of prototypes can help avoid costly mistakes, but it may be especially challenging with radically different, new-to-the-world products. Rapid prototyping can be used to design products on a computer and then produce rough models to show potential consumers for their reactions. Companies are also using virtual reality to test product concepts. Virtual reality programs use computers and sensory devices (such as gloves or goggles) to simulate reality.
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Indicate whether the statement is true or false
A company using the differentiation strategy relies upon the _________ to maintain an advantage over its competitors.
A. real or perceived difference B. the real difference C. the perceived difference D. the naturally-occurring difference E. None of the above
Law is described as ________
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How does a checklist project screening model work?
What will be an ideal response?