Arrange the following stages of business idea generation in a logical sequence.
(A) Examine the idea for its real life use and application.
(B) Decide the level of operation
(C) Identify the technology required to produce the product
(D) Obtain a concept of the product suggested by one idea.
Choose the correct answer from the options given below:
Arrange the following stages of business idea generation in a logical sequence.
(A) Examine the idea for its real life use and application.
(B) Decide the level of operation
(C) Identify the technology required to produce the product
(D) Obtain a concept of the product suggested by one idea.
Choose the correct answer from the options given below:
Solution
Option 1 -> Starts with obtaining product concept (D), then examines real-life application (A), decides operation level (B), and identifies technology (C) - follows natural progression from idea to implementation.
Option 2 -> Begins with examining application (A) before having a product concept (D) - logically flawed as you cannot examine what doesn't exist yet.
Option 3 -> Starts with deciding operation level (B) before obtaining product concept (D) - cannot decide scale without knowing what the product is.
Option 4 -> Begins with examination (A) and operation decisions (B) before having the product concept (D) - puts implementation before conceptualization.
Hence, Option 1: (D), (A), (B), (C) -> The logical sequence starts with obtaining a product concept first, then examining its real-life viability, followed by deciding the operational scale, and finally identifying the required technology for production. This follows the natural flow from ideation to validation to planning to technical requirements -> correct
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