Which of the following describes the design phase of the new service or product development process? ANSWER Unselected The first stage of the new service or product development process that links the creation of new services or products to the corporate strategy of the firm and defines the requirements for the firm's supply chain Unselected The second stage of the new service or product development process that involves a critical review of the new offering and how it will be produced to make sure that it fits the corporate strategy, is compatible with regulatory standards, presents an acceptable market risk, and satisfies the needs of the intended customers Unselected The third stage of the new service or product development process that brings more specificity to the new offering Unselected The last stage of the new service or product development process that involves the coordination of many internal processes as well as those both upstream and downstream in the supply chain