The hub of retailing in a city is considered to be the _____

Which of the following is true of the development stage of a new-product development process?

a. It sets several tasks in motion, such as building inventories and advertising to potential customers. b. It evaluates a new-product idea usually before any prototype has been created. c. It estimates the demand, cost, sales, and profitability of a product for the first time. d. It examines the feasibility of manufacturing a product at an acceptable cost.

Demand for individual products can be driven by product life cycles

Indicate whether the statement is true or false