Which of the Following Is the Best Example of a New-To-The-World

question 61

Multiple Choice

Which of the following is the best example of a new-to-the-world product?

• A)Tesco,the retail giant,opens new stores in an underdeveloped African country.
• B)Pestorica,a publishing company,decides to launch a new sports magazine.
• C)Tata Motors,an Indian automobile company,acquires Jaguar to extend its business.
• D)An Asian company licenses a U.S.apparel brand name though the brand is not familiar in Asia.
• E)Kids-Med,a company that produces childcare products,launches a non-contact thermometer.

---

Definitions:

Variable Cost Concept

The principle that costs vary in proportion to the level of production or business activity, meaning they increase with more output and decrease with less output.

Engineering Change Order

A documented instruction that outlines the proposed changes in the details of an engineering project or product.

Product Change

The process of modifying or enhancing a product's features, design, or specifications to improve its appeal or functionality.

Process Change

Alteration or modification in the way a business operates, which could be due to technological advancements, compliance requirements, or operational improvement.