New Product Development MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on New Product Development, a fundamental topic in the field of Marketing and Marketing Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our New Product Development MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of New Product Development mcq questions that explore various aspects of New Product Development problems. Each MCQ is crafted to challenge your understanding of New Product Development principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Marketing and Marketing Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our New Product Development MCQs are your pathway to success in mastering this essential Marketing and Marketing Management topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of New Product Development. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your New Product Development knowledge to the test? Let's get started with our carefully curated MCQs!

New Product Development MCQs | Page 4 of 10

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Discuss
Answer: (d).Both a and c
Discuss
Answer: (a).physical distribution
Q33.
The competitors in the introductory stage of product life cycle are
Discuss
Answer: (a).few
Q34.
The new competitors will enter in the market in the PLC stage called
Discuss
Answer: (a).growth stage
Q35.
The method of managing promotion budget by defining objectives, determining tasks to achieve objectives and estimating costs for activities is called
Discuss
Answer: (d).objective and task method
Q36.
In the product life cycle growth stage, the marketing objective is to
Discuss
Answer: (b).maximize the market share
Q37.
The process of systematic search for gathering new product ideas is called
Discuss
Answer: (a).idea generation
Q38.
The PLC stage in which the distribution and promotion expenses are uncover able because of low profits is referred as
Discuss
Answer: (a).introductory stage
Q39.
The PLC stage in which new product is distributed for the first time is called
Discuss
Answer: (a).introductory stage
Discuss
Answer: (d).attention, interest, desire and action