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In the New Product Development (NPD) process, the initial step where new product ideas are systematically searched for and generated is known as:

AIdea Screening
BConcept Testing
CIdea Generation
DBusiness Analysis

Explanation

* Idea Generation is the systematic search for new product ideas using internal (R&D, staff) and external (customers, competitors) sources.
* Screening filters good ideas from bad ones; Concept testing tests concepts with consumers; Business analysis reviews sales/profit projections.
* A strong NPD funnel starts with hundreds of generated ideas to yield a few successful commercial launches.

Exam Relevance
  • Topic: Product Management
  • Subtopic: New Product Development
Submitted by: mcqstutor Team More Marketing MCQs →

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