The business analysis stage of new product development is critical since:
A)one to three years may pass before profits are realised.
B)it is hard to attract the 10 per cent of the total market that is needed for a new product success.
C)products often fail in laboratory and marketing testing.
D)All of the above support the importance of the business analysis stage.

Question

Quizplus · Accepted Answer

The business analysis stage is critical because it involves assessing the financial viability of the new product, including the time it may take to realize profits, which can be one to three years.

The Business Analysis Stage of New Product Development Is Critical