Sam tells Carl that he likes his team's idea about a new three-lace running shoe but wants him to put together some figures regarding anticipated sales, costs, and resulting profits. He is asking Carl to proceed to which stage of the new-product development process?

A. Idea generation
B. Business analysis
C. Commercialization
D. Test marketing
E. Screening


Answer: B

Business

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Which of the following is discussed in your text with respect to data collection methods and cultural norms?

A) In Scandinavia, residents are uncomfortable allowing strangers in their homes. B) In India, less than 10% of the residents have a telephone, and online access is very low; therefore door-to-door interviewing is used often. C) In South America, door-to-door interviewing is used often. D) In Canada, where incentives are typically not offered to prospective respondents, there is heavy use of telephone surveys, but online research continues to grow. E) In China, face-to-face interviews embody respect and are preferred.

Business

The impairment test for an intangible asset with an indefinite life compares the

a. fair value of the asset to its book value. b. sum of the undiscounted cash flows expected to be generated by the asset to its book value. c. sum of the discounted cash flows expected to be generated by the asset to its fair value. d. sum of the undiscounted cash flows expected to be generated by the asset to its fair value.

Business

The reason publicity is considered more credible than advertising is that it has passed the standards of a third party, the media

Indicate whether the statement is true or false

Business

Which one of the following is an example of cash flows from operating activities?

A. Receipts of cash from sales. B. Payments to acquire equity securities of other companies. C. Proceeds from collecting the principal amounts of loans. D. Proceeds from the issuance of bonds and notes payable. E. Repayment of principals on loans.

Business