If Other Companies Applied the Same Strategy David Windorski Used

question 217

Multiple Choice

If other companies applied the same strategy David Windorski used at 3M,they would most likely

• A)avoid the use of mock-ups and working models to speed up the new-product development process and get the product out to the market faster.
• B)search continuously to discover customers' needs.
• C)copy 3M's "5% Rule" to do unfunded research.
• D)avoid excessive attention to customers' demands because they cannot always differentiate between their needs and their wants.
• E)focus on the shareholders of the company and believe that strategy will follow.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue.

Income Distribution

The allocation of earned income or revenue to various stakeholders, such as dividends to shareholders or wages to employees.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset since it was put into use, representing how much of its value has been used up.

Allowance

A provision in accounting for a reduction in the value of receivables or inventories, often related to potential bad debts or damaged goods.