The added value endowed on products and services is the:
A. Brand equity
Brand mark
C. Brand name
D. Trademark
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The stage of the new product development process where the number of new product ideas is reduced is called:
A. Idea screening
Business analysis
Concept testing
D. Test marketing
In the ________ phase of the new product development process prototypes appear for the first time.
A. Idea generation
B. Concept development
C. Test marketing
D. Product development
The differential effect that knowing the brand name has on customer response to the product and its marketing is termed:
A. Brand presence
Brand positioning
C. Brand equity
D. Brand liability
The most important source of new-product ideas are:
A. Employees
Board members
Customers
D. Stock holders