Which of the Following Strategies for New-Product Development Incorporates the Buyers

question 12

Multiple Choice

Which of the following strategies for new-product development incorporates the buyers' preferences in the final design of the product?

• A) customer-driven engineering
• B) market leadership
• C) cost leadership
• D) incremental innovation
• E) disruptive technology

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Definitions:

Output Effect

The impact on total output or production resulting from changes in the price level or other economic factors.

Price of Capital

The cost of using capital goods, represented by interest rates, lease payments, or other measures of the cost of borrowing or using capital.

Marginal Revenue Product

The additional revenue generated from employing one additional unit of a resource, such as labor or capital.

Complementary Resource

A resource or product that enhances or is necessary for the use of another resource or product, such as printers for computers.