Multiple Choice
Steve wanted to open a day care service facility for dogs.He estimated the costs involved in providing the services desired by dog owners.After extensive deliberation,Steve decided not to proceed with the plan as the cost of providing the services was too high compared to the rates dog owners would be willing to pay.Which of the following stages of the new-product development process has Steve used to arrive at this decision?
A) Idea screening
B) Business analysis
C) Idea generation
D) Test marketing
Correct Answer:
Verified
Correct Answer:
Verified
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