BUISENESS MANAGEMENT
PACKAGING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company CEO scraps an idea for a product because that product idea never worked in the past. This is an example of
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Generating product ideas
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Idea screening
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Business analysis
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Customer acceptance/evaluation
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Explanation:
Detailed explanation-1: -In order to get new products into market more quickly many companies use a team based new product development approach. Under this approach, companies distribute work closely together in cross functional teams, overlapping the steps in the product development process to save time and increase effectiveness.
Detailed explanation-2: -The three main phases of product/service management are new-product development, monitoring existing products, and elimination of weak products.
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