In the new-product development process, this stage is called: Test Marketing.
Test Marketing is an experiment oversight in a field laboratory (the test market) comprising of actual store and real-life buying situations, without the buyers knowing they are partaking in an evaluation exercise.
These workers are called contingent workers
Contingent workers are the type of workers that hired per-project basis. This make up Freelancers, consultants, or contractors.
Since technically these workers are not a part of the company, the company is not require to give benefit to them like its full-time workers.
Answer:
<em>Annual fee</em> - You pay $75 for the privilege of using your card for one year.
<em>Late payment fee </em>- You don't have the money to make your minimum payment one month.
<em>Balance transfer fee</em> - You pay what you owe on one credit card using your new credit card.
<em>Cash advance fee </em>- You take out $400 from an ATM using your credit card.
Explanation:
An annual fee is a common fee that every bank charges for the maintenance of your bank account with all cards attached to it.
A late payment fee is a punishment fee when you do not manage to pay the minimum payment of a borrowed amount during one month.
A balance transfer fee is when you transfer the debt from one credit card to another credit card.
A cash advance fee is the fee paid for withdrawing cash from the ATM that is not from your checking account. It is paid when you take the cash that is within your credit limit.
Answer:
Screening
Explanation:
Screeningprocess used to access innovative product ideas, strategies and marketing trends to determine their consistency with the company's objective. It is used to eliminate unsound ideas and accept sound ones.
Screening can be used to check the compatibility if an idea with a business objective. It involves a process of determining which product aligns with the target audience and the benefits of producing it.
The screening stage is a very important stage in the development of a new product because if a product that doesn't conform with the business objective or the product doesn't have a tendency of being profitable to the organzation passes the screening stage, it means the product will lead to wasted effort and resources in the other stages.
Therefore, a product should be properly screened passing the screening stage.
