What is the first step of the process of creating a new product? A. Idea generation

B. Idea screening

C. Focus group testing

D. Business analysis

  A. Idea generation

Explanation:

The beginning fo creating a great product is to generate fantastic ideas.

Idea generation includes the stage of constructing through the idea, innovating the concept, developing the process, and the main thing is bringing the concept to reality.

Behind any product, the idea of creating it is the necessary step to show it in reality, without it a person cannot create a plan to construct a product.

Hence, the first step of the process of creating a new product is A. Idea generation .

Rest other 3 steps are after this.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan