Identify a Shortcoming of Giving the Responsibility to Develop New

question 8

Multiple Choice

Identify a shortcoming of giving the responsibility to develop new products to the product managers of a company.

• A) They would not be familiar with the industry standards.
• B) Product managers would not have an operational focus.
• C) Product managers are often busy managing existing lines.
• D) They will find it difficult to gain support from employees.
• E) Product managers are less likely to use participative management.

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Definitions:

Economic Choices

Economic choices refer to the decisions made by individuals, households, businesses, and governments regarding the allocation of scarce resources to satisfy various needs and wants.

Butcher's Shop

A retail establishment that specializes in selling meat, often along with related products like poultry and seafood.

Common Law

A body of legal principles derived from judicial decisions of courts and similar tribunals, rather than from statutes or constitutions.

Quebec

A province in Canada known for its unique French heritage, language, and culture within a predominantly English-speaking country.