Ask Question
BusinessBusiness
23 March, 13:27

A group of managers has listed several good ideas, and is now in the process of assessing each idea to determine whether it is consistent with the firm's overall objectives and resources. The managers are at what stage of the new-product development process? a. Business analysis b. Idea screening c. Idea generation d. Product testing

+5
Answers (1)
  1. 23 March, 14:55
    0
    Complete Question:

    A group of managers has been assigned the task of developing a new product, has listed several good ideas, and is now in the process of assessing each idea to determine whether it is consistent with the firm's overall objectives and resources. The managers are at what stage of the new-product development process?

    Answer:

    Option B. Idea Screening

    Explanation:

    Idea screening involves the evaluation of the options available on the feasibility grounds, which involves the choosing of the best option available. This also involves the strategic fit study of the move, financial aspects of the options available, market research, etc.

    So the new product development process is at Idea screening stage.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A group of managers has listed several good ideas, and is now in the process of assessing each idea to determine whether it is consistent ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000.
Answers (1)
Regal Financial Institution specializes in home loans. What type of financial institution is it?
Answers (1)
Explain how banning performance enhancing drugs levels the playing field for marketers?
Answers (1)
Worley Truck Rental uses the group depreciation method for its fleet of trucks. When it retires one of its trucks and receives cash from a salvage company, the carrying value of property, plant, and equipment will be decreased by the A.
Answers (1)
Develop a worksheet that can be used to simulate the bids made by the two competitors. Strassel is considering a bid of $120000 for the property.
Answers (1)
New Questions in Business
During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False
Answers (2)
A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.
Answers (1)
NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory $10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000
Answers (1)
Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00 and have not been paid yet. How much will the buyer be credited and the seller be debited?
Answers (1)
Throughout history, big business interests have almost always been at odds with environmentally friendly practices.
Answers (1)
Home » Business » A group of managers has listed several good ideas, and is now in the process of assessing each idea to determine whether it is consistent with the firm's overall objectives and resources.
Sign Up Forgot Password?