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Product Development and Innovation Quiz

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1. What is the primary objective of product development?

2. What does the term 'Minimum Viable Product' (MVP) refer to?

3. Which of the following is NOT a stage in the Product Lifecycle?

4. In product development, why is market research important?

5. What principle does the 'Lean Startup' methodology emphasize?

6. How does prototyping contribute to product development?

7. What role does consumer feedback play in the product development process?

8. Which of the following best describes 'Design Thinking' in product development?

9. Why is understanding the competition important in product development?

10. In the context of innovation, what is 'Disruptive Technology'?