The largest number of product ideas are rejected during the ____ stage of new product development.
A) screening
B) test marketing
C) idea generation
D) business analysis
E) pricing
Question 2 - Dramatic Expressions
Dramatic Expressions is a home decorating company that sells many different household accessories ranging from candles to entertainment centers. Wanda is the CEO of the company. She feels that there is not enough specialization within the company and wants to organize the business in a different way. Wanda thinks that the company would be more effective if it were to switch to a new way of organization. For example, there could be a manager in charge of the candles, a different manager in charge of the entertainment centers, and so on.
Another issue that Wanda wants to resolve is that of delegation. She believes that if she could improve her delegating, employees would feel more empowered and want to go above and beyond what they are required to do. There are certain reasons that Wanda has a hard time delegating to others, but she is confident that the problem will be overcome if she works on it.
Refer to Dramatic Expressions. Wanda should address all of the following when it comes to organizing the business except
A) job design.
B) regulating behavior.
C) establishing a chain of command.
D) departmentalization.
E) delegation.
Question 3 - Organizations use teamwork extensively because they believe employees are happier with their jobs when working in teams.
Indicate whether the statement is true or false
Question 4 - The four basic questions in a capitalist economy are what to produce, how to produce, who should produce, and when to produce.
Indicate whether the statement is true or false
Question 5 - The stage in the evolution of new products in which ideas that match company objectives are analyzed as to whether the firm has the required expertise for the product's development and marketing is called
A) exploration.
B) test marketing.
C) screening.
D) product development.
E) business analysis.
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