Question

Detailed stated version of shortlisted new ideas in meaningful consumer terms is best classified as

Answer 1

Heya Friend,

Detailed stated version of shortlisted new ideas in meaningful consumer terms is best classified as Product Concept.

Hope it helps...

Answer 2

Answer:

Product concept

Explanation:

Here the complete questions:

A detailed stated version of shortlisted new ideas in meaningful consumer terms is best classified as

A. concept

B. phase

C. screening

D. raw-material screening

Explanation-Under product concept, the focus of business activities is on feature and price of the product. The emphasis of the firms shifted from quantity to quality of products. The focus of business activity for product changed to bringing continuous improvement in the quality of product, incorporating with the new product, new feature of product  etc. Thus, product improvement became the key to profit maximisation of a firm, under the concept of product orientation.

In product concept, firm focus on product feature such as innovation in product, new design, new concept, new version of product. All these features of product made according as per consumer preferences or consumer point of views.  

So, Detailed stated version of shortlisted new ideas in meaningful consumer terms is best classified as Product concept.

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