Asked by kimberly reilly on May 28, 2024
Verified
The __________ step of the product innovation process involves the commercialisation of a new product on the open market.
A) final application
B) idea creation
C) feasibility screening
D) initial experimentation
E) feasibility determination
Product Innovation
The development and introduction of new or significantly improved goods or services that add value to customers.
Commercialisation
The process of bringing a new product or service to the market, turning an invention or idea into a viable business offering.
Feasibility Screening
The initial evaluation process to determine the viability of a project or idea, based on criteria such as cost, time, and potential for success.
- Gain an insight into the stages incorporated in the process of innovating a product.
Verified Answer
QM
Quinn MenziesMay 29, 2024
Final Answer :
A
Explanation :
The final application step in the product innovation process typically involves the commercialization of a new product, making it available on the open market after it has gone through ideation, development, and testing phases.
Learning Objectives
- Gain an insight into the stages incorporated in the process of innovating a product.