The primary objective of the World Trade Organization is to:
A) help developing countries build a viable economy.
B) provide low-interest loans.
C) reduce barriers to trade worldwide.
D) provide technical assistance to developing countries.
E) promote the invention of new technologies.
Question 2 - Product ideas are transformed into prototypes during which stage of the product development process?
A) Business analysis
B) Idea generation
C) Commercialization
D) Product development and testing
E) Concept testing
Question 3 - Tunisia has struggled with economic stability due to political transitions, work stoppages, and terrorist attacks that devastated their tourism industry. Which organization may be able to help Tunisia?
A) The IMF
B) The WTO
C) The United Nations
D) The World Bank
E) The EU
Question 4 - Amazon is testing delivering packages with drones. Amazon anticipates being able to deliver a package within 30 minutes of a customer placing an order online. This is an example of which benefit of innovation?
A) Cost/price
B) Function/quality
C) New experiences
D) Beating competition
E) Research and development
Question 5 - All of the following are stages in the development of new products except:
A) product analysis.
B) commercialization.
C) product modification.
D) idea generation.
E) product development and testing.
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