Font size
WorksheetsProduct development process
Total questions: 34
Worksheet time: 17mins
The process a good or a service goes through from being an idea to a product being sold to customers is called ...
Product marketing
SWOT ANALYSIS
PRODUCT DEVELOPMENT
PLANNING
What is the step where the entrepreneur thinks of ideas?
TEST MARKETING
IDEA GENERATION
IDEA SCREENING
SWOT ANALYSIS
What is the step where a business looks a product in more detail?
CONCEPT TESTING
SWOT ANALYSIS
FEASABILITY STUDY
IDEA SCREENING
In what stage does a business decide if it is possible to make the product?
BUSINESS ANALYSIS
CONCEPT DEVELOPMENT
IDEA GENERATION
SWOT ANALYSIS
In what stage does a business make a working model of a product?
FEASIBILITY STUDY
TEST MARKETING
PROTOTYPE DEVELOPMENT
PRODUCT LAUNCH
What is the stage where a few customers are given the product to see what they think about it?
PROTOTYPE DEVELOPMENT
PRODUCT LAUNCH
TEST MARKETING
PRODUCT LAUNCH
What stage is when the product is now for sale to everyone?
IDEA GENERATOR
TEST MARKETING
PRODUCT LAUNCH
CONCEPT DEVELOPMENT
What is the step where the entrepreneur choose the best idea out of many?
PRODUCT SCREENING
PRODUCT LAUNCH
PROTOTYPE
TEST MARKETING
It is the process of building a new product, from ideation all the way through launch
PRODUCT
DEVELOPMENT
PRODUCT DEVELOPMENT
The Product Development has _ stages
(a)
It is sometimes called "scoping," or concept development, this step involves refining the definition of the product concept and ensuring that the team really understands customer requirements.
Product Development
Product Definition
Idea generation
In this phase, the focus is on product design but also refinement of the prototype of the product. In most cases teams alpha-test the prototype, working with customers in an iterative fashion: getting their feedback and incorporating it into the prototype.
Idea generation
Detailed Design
Product Definition
The initial stage of the product development process begins by generating new product ideas.
Idea Generation
Prototyping
Detailed Design
This phase in the product development process, the team justifies the company's investment in the development of a product by requiring the team to create a detailed business plan.
Idea Generation
Prototyping
Validation and Testing
They ensure that the prototype works as planned. It also means validating the product in the eyes of the customers and markets, while testing the viability of the financial model for the product.
Detailed Design
Validation and Testing
Commercialization
A way to describe all the stages a product goes through.
Commercialization
Product Development Life Cycle
Validation and Testing
During this step of the product development process the team realizes everything required to bring the final product to market, including marketing and sales plans for the market introduction.
Waterfall approach
Product Development Life Cycle
Commercialization
The team perceives that it will not achieve one or more of its boundary conditions
Agile product development
Waterfall approach
Boundary peak
This was increasingly more common because they can create new products that delight customers using fewer resources. It relies on sprints, cycles that combine development with customer testing.
Agile product development
Boundary Break
Out-of-Bounds Review
The development team informs the Senior Management team and there follows an escalation process.
Boundary break
Product/Market fit
Out-of-Bounds Review
It is one of a minimum viable process three major steps. The second step that the team should have tested prototypes with users to confirm fit with the intended market.
Product/Market fit
Development
Out-of-Bound Review
The third and last step of minimum viable process it is the Market Launch phase where the product is prepared to meet real customers.
Product Development
Product/Market Fit
Development
It is one of a minimum viable process three major steps. The first step that the team should have a clear leader with entrepreneurial capability.
Development
Product/Market fit
Concept Fit
when a business decides to create a new product or service they must follow a
book
process
the product development process has _____ stages
4
5
6
today we learned about the ________ stage
design
idea
implement
a source is where you get something from
true
false
the are ___ main sources of ideas
3
4
5
government, research and development, the supply chain, existing products and services are all sources of idea. which one is missing?
competitor needs
customer needs
this includes all businesses and people involved in making the product and getting it to the customer
supply chain
delivery process
a supply chain includes many businesses
true
false
1.to identify the 5 main stages of developing a new product or service
are you able to do this
yes
no
2.Explain and demonstrate an example of a supply chain
Are you able to do this?
yes
no
did you discuss new design ideas for a product today with the class?
yes
no
