The Use of Virtual Teams Is on the Rise for Many

question 63

True/False

The use of virtual teams is on the rise for many reasons: Due to the growing trend of outsourcing, discussed in the previous section, the positive economics of allowing some people to work from home, the rising cost of travel, location of corporate offices, and the need for more scarce specialized skills are all driving companies to invest in technologies to support virtual teams.

Distinguish between different elements of a product mix.

Understand the concepts of product development and commercialization.

Identify the factors influencing product strategy, including benefits and symbolic attributes.

Describe the distribution strategy for various types of products.