Question

I seemed to mixed up the stages of new product development, and they are all out of order. put them in the right order below keeping the number next to them. then multiply the last number by 3.

1. concept development and testing
2. test marketing
3. launch
4. generating new product ideas
5. business case analysis
6. technical and marketing development
7. evaluation
8. screening product ideas new product development code
hint: type your answer in all lowercase letters (not numbers) and put a space between the words.

Answer 1

The correct order of new product development stages goes from generating new product ideas to post-launch evaluation. The final step is evaluation, and when multiplied by 3, we get 21. This process incorporates generating ideas, concept development, business analysis, technical development, test marketing, launch, and evaluation for constant improvement.

Step-by-step explanation:

New Product Development Stages

The new product development process involves several critical steps that need to be executed in a specific order to ensure the successful launch of a new product. The correct order of these stages is:

1. Generating new product ideas - This is where everything begins with brainstorming and coming up with innovative ideas for new products.
2. Screening product ideas - In this stage, ideas are evaluated to determine if they are feasible and worth pursuing.
3. Concept development and testing - Further develop the selected ideas and test them with target customers to gain feedback.
4. Business case analysis - Analyze the market, business model, and financial forecasts to ensure the idea can be profitable.
5. Technical and marketing development - Develop the technical aspects of the product as well as the marketing strategy.
6. Test marketing - Test the product and its marketing in a simulated or actual market environment to evaluate its success.
7. Launch - Officially introduce the product to the market.
8. Post-launch evaluation - After the launch, the product's performance is evaluated for future improvements.

The last stage, post-launch evaluation, is number 7 on the list. When we multiply this by 3 as per the student's request, we get 21.

As for product development, it includes a series of steps such as interviewing customers, looking at existing products, and exploring technical databases, which all fall under the umbrella of generating new product ideas.

Further down the process, prototyping and testing are involved which align with technical and marketing development, and refining the design comes into play which is a critical part of ensuring that the product meets the necessary criteria and constraints before launch.

A good design is necessary for a successful product, which requires careful planning and evaluation throughout the process.