What are prototypes? During which phase of the new-product-development process would a company develop prototypes?

What will be an ideal response?

A prototype is a physical version of a product that is often evaluated by prospective customers. Prototypes are made during the technical development stage just prior to test marketing.

Business

You might also like to view...

John calls his stockbroker and instructs him to purchase 100 shares of Microsoft Corporation

common stock. This transaction occurs in the A) credit market. B) futures market. C) secondary market. D) primary market.

Business

Which indicator refers to the total quantity of goods and services produced by an economic system during a given period?

A) The business cycle B) Aggregate output C) Gross domestic product D) The consumer price index E) Gross national product

Business