ENTREPRENEURIAL OPPORTUNITIES
FEASIBILITY ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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concept test
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product/service statement
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impression test
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idea prospectus
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idea test
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Detailed explanation-1: -Concept testing is a vital part of product development.
Detailed explanation-2: -concept test. involves showing a preliminary description of a product or service ideas called a concept statement, to industry experts and prospective customers to solicit their feedback. buying intentions survey. is an instrument that is used to gauge customer interest in a product or service.
Detailed explanation-3: -Product testing, also called consumer testing or comparative testing, is a process of measuring the properties or performance of products.
Detailed explanation-4: -Concept testing is defined as a research method that involves asking customers questions about your concepts and ideas for a product or service before actually launching it. Thus, you can gauge your customers’ acceptance and their willingness to buy and therefore make critical decisions before the launch.