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Principles of Marketing Cerification Guide: Practice Test 3 (Chapter 13)

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New Product Development Exam Questions and Answers PDF Download: Test 3

MCQ: 11

The management of new product development strategy includes

  1. customer centered development
  2. team based development
  3. systematic product development
  4. all of above
MCQ: 12

The computer giant Dell have an idea storming website used to ask customers for improvement suggestions is an example of

  1. internal sourcing
  2. crowdsourcing
  3. off shoring
  4. off sourcing
MCQ: 13

The process of managing upstream and downstream of final goods, flow of raw materials and information about resellers and final consumers is classified as

  1. marketing logistics network
  2. supply chain management
  3. delivery network
  4. physical distribution network
MCQ: 14

In the product life cycle introductory stage, the marketing objective is to

  1. create product awareness
  2. maximize the market share
  3. defend market share and profits
  4. reduce expenditure
MCQ: 15

The testing of new product concepts in group of targeted segment of market is called

  1. concept development
  2. concept testing
  3. material testing
  4. market screening

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New Product Development Quiz App (Android & iOS)

New Product Development Quiz App

Marketing Principles Quiz App (iOS & Android)

Marketing Principles Quiz App

Business Mathematics Quiz App (iOS & Android)

Business Mathematics Quiz App

Financial Management Quiz App (Android & iOS)

Financial Management Quiz App