Question

In the new-product development process, the _________ stage assesses the total "fit" of the proposed new product with the company’s mission and objectives—from whether the product or service can be economically produced to the marketing strategy needed to have it succeed in the marketplace.

Answer 1

In the new-product development process, the business analysis stage assesses the total "fit" of the proposed new product with the company’s mission and objectives—from whether the product or service can be economically produced to the marketing strategy needed to have it succeed in the marketplace.

Explanation:

The business analysis described as an investigation discipline that assists you to obtain the business requirements and defining clarifications to business queries. Business Analysis method contributes ideas and perspicacity into the construction of the fundamental framework for any project.

It collects the code to supervise stakeholders of a project who exactly makes business modeling. The purpose of business analysis is in the understanding of benefits, escape of cost, classification of new opportunities, perception of required abilities and shaping the organization.